FOREX TradingCharts.com

Financial News: German Private Sector Contracts More Than Forecast

German Private Sector Contracts More Than Forecast

09/23/2022 - 07:10:00 (RTTNews)

(RTTNews) - Germany's private sector activity deteriorated more-than-expected in August, and logged the worst performance for over two years amid a backdrop of persistently high inflation, economic uncertainty and increased energy costs, flash survey data from S&P Global showed on Friday.

The flash composite output index dropped to a 28-month low of 45.9 in September from 46.9 in August. The index was forecast to fall to 46.0

Any reading below 50 indicates contraction, while a score above 50 suggests expansion in the sector.

Both the services and manufacturing sectors registered declines in September, and the fall was more evident in the services sector.

The services Purchasing Managers' Index fell to a 28-month low of 45.4 in September from 47.7 in the prior month. The score was forecast to fall to 47.2.

Manufacturing output declined for the fourth consecutive month. The rate of decline slowed to its lowest level since June as a result of certain reports of improved raw material availability.

The manufacturing PMI decreased to a 27-month low of 48.3 in September from 49.1 in August. That was in line with expectations.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Hong Kong Exports Fall Sharply In August (21 min(s), 07 sec(s) ago)
(RTTNews) - Hong Kong's exports and imports declined sharply in August, data from the Census a ...Full Story»

Turkish Manufacturing Capacity Utilization Rises In September (01 hr(s), 04 min(s), 07 sec(s) ago)
(RTTNews) - Turkey's manufacturing capacity utilization rate improved in September, after fall ...Full Story»

Czech Economic Sentiment At 18-Month Low (01 hr(s), 53 min(s), 07 sec(s) ago)
(RTTNews) - The Czech economic confidence worsened further to reach its lowest level in one-and-a- ...Full Story»

Singapore Industrial Production Grows Unexpectedly (03 hr(s), 37 min(s), 07 sec(s) ago)
(RTTNews) - Singapore's industrial production increased unexpectedly in August, preliminary da ...Full Story»

European Economics Preview: Germany Ifo Business Confidence Data Due (05 hr(s), 26 min(s), 07 sec(s) ago)
(RTTNews) - Business confidence survey data from Germany is due on Monday, headlining a light day ...Full Story»

Japan Manufacturing Sector Ebbs In September - Jibun (26 min(s), 53 sec(s) ago)
(RTTNews) - The manufacturing sector in Japan continued to expand in September, albeit at a slower ...Full Story»

Japan Manufacturing PMI On Tap For Monday (46 min(s), 53 sec(s) ago)
(RTTNews) - Japan will on Monday see September results for its manufacturing, services and composi ...Full Story»

UK Private Sector Shrinks Most Since Early 2021 (04 min(s), 53 sec(s) ago)
(RTTNews) - The UK private sector shrank at the fastest pace since early 2021 on the negative impa ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Hong Kong Exports Fall Sharply In August

09/26/2022 - 05:52 AM (RTTNews)
(RTTNews) - Hong Kong's exports and imports declined sharply in August, data from the Census a ...Full Story>>

Turkish Manufacturing Capacity Utilization Rises In September

09/26/2022 - 05:09 AM (RTTNews)
(RTTNews) - Turkey's manufacturing capacity utilization rate improved in September, after fall ...Full Story>>

Czech Economic Sentiment At 18-Month Low

09/26/2022 - 04:20 AM (RTTNews)
(RTTNews) - The Czech economic confidence worsened further to reach its lowest level in one-and-a- ...Full Story>>

Singapore Industrial Production Grows Unexpectedly

09/26/2022 - 02:36 AM (RTTNews)
(RTTNews) - Singapore's industrial production increased unexpectedly in August, preliminary da ...Full Story>>

European Economics Preview: Germany Ifo Business Confidence Data Due

09/26/2022 - 00:47 AM (RTTNews)
(RTTNews) - Business confidence survey data from Germany is due on Monday, headlining a light day ...Full Story>>

Do not sell my personal information

Copyright © 2022. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.