Germany HCOB Services PMI below expectations (51.7) in November: Actual (49.4)

Nov 22, 2024

Germany HCOB Composite PMI below forecasts (48.6) in November: Actual (47.3)

Germany HCOB Composite PMI drops to 47.3 in November vs. 48.6 expected

Business activity in Germany's private sector contracted at an accelerating pace in early November, with the preliminary HCOB Composite Purchasing Managers Index (PMI) dropping to 47.3 from 48.6 in October.