S&P Global releases flash HCOB services purchasing managers' index for Germany in July.
Forecast range from 52.5 to 53.8 from 18 economists.
Index falls to 52 from 54.1 in June; Year ago 49.7. Lowest reading since since Feb. 2023. Seventh consecutive month of expansion.
New Business falls to 45.3 vs 51.1 in June. Lowest reading since Nov. 2022. Reverses expansion trend.
Source : Bloomberg