FOREX TradingCharts.com

Financial News: Germany's Private Sector Growth Slows In October

Germany's Private Sector Growth Slows In October

10/24/2017 - 04:48:00 (RTTNews)

(RTTNews) - Germany's private sector grew at a slower pace in October, survey results from IHS Markit showed Tuesday.

The composite output index fell to 56.9 in October from September's 77-month high of 57.7. Nonetheless, this was one of the highest readings seen since 2011.

IHS Markit said the private sector maintained strong growth momentum with inflows of new orders rising at the fastest pace for six-and-a-half years.

"Although the headline flash Composite Output PMI dipped slightly in October, the fundamentals remained strong and the economy has carried robust growth momentum into the closing stages of the year," Phil Smith, principal economist at IHS Markit, said.

The services Purchasing Managers' Index fell to 55.2 from 55.6 in September. The score was forecast to remain unchanged at 55.6.

Likewise, the manufacturing PMI came in at 60.5, down from 60.6 a month ago but above the expected score of 60.0.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Cash Remains Preferred Payment Option In Eurozone: ECB Study (03 hr(s), 54 min(s), 08 sec(s) ago)
(RTTNews) - Euro zone consumers still prefer cash to other options for paying for their purchases, ...Full Story»

ECB's Coeure Warns Against Fake Data (04 hr(s), 12 min(s), 08 sec(s) ago)
(RTTNews) - Fake statistics are equally threatening to the euro area economy as fake news is to po ...Full Story»

Eurozone Economy Set To Extend Surprisingly Positive Run In 2018 (04 hr(s), 23 min(s), 08 sec(s) ago)
(RTTNews) - As the outlook for consumption is improving, the Eurozone economy is on its way to ext ...Full Story»

Swiss Industrial Production Expands In Q3 (06 hr(s), 03 min(s), 08 sec(s) ago)
(RTTNews) - Switzerland's industrial production and turnover increased notably in the third qu ...Full Story»

UK Mortgage Approvals At 13-Month Low (06 hr(s), 12 min(s), 08 sec(s) ago)
(RTTNews) - UK mortgage approvals declined to a 13-month low in October, data from UK Finance show ...Full Story»

German Business Confidence At Record High (06 hr(s), 11 min(s), 08 sec(s) ago)
(RTTNews) - Germany's business confidence strengthened to a new record in November on optimist ...Full Story»

Turkey Capacity Utilization Rises; Business Confidence Weakens (06 hr(s), 36 min(s), 08 sec(s) ago)
(RTTNews) - Turkey's capacity utilization rate increased for the fourth straight month in Nove ...Full Story»

Poland Jobless Rate Falls More Than Expected In October (06 hr(s), 55 min(s), 08 sec(s) ago)
(RTTNews) - Poland's unemployment rate decreased more-than-expected in October, figures from t ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Cash Remains Preferred Payment Option In Eurozone: ECB Study

11/24/2017 - 09:31 AM (RTTNews)
(RTTNews) - Euro zone consumers still prefer cash to other options for paying for their purchases, ...Full Story>>

ECB's Coeure Warns Against Fake Data

11/24/2017 - 09:13 AM (RTTNews)
(RTTNews) - Fake statistics are equally threatening to the euro area economy as fake news is to po ...Full Story>>

Eurozone Economy Set To Extend Surprisingly Positive Run In 2018

11/24/2017 - 09:02 AM (RTTNews)
(RTTNews) - As the outlook for consumption is improving, the Eurozone economy is on its way to ext ...Full Story>>

Swiss Industrial Production Expands In Q3

11/24/2017 - 07:22 AM (RTTNews)
(RTTNews) - Switzerland's industrial production and turnover increased notably in the third qu ...Full Story>>

German Business Confidence At Record High

11/24/2017 - 07:14 AM (RTTNews)
(RTTNews) - Germany's business confidence strengthened to a new record in November on optimist ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.