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Actual | Forecast | Previous | Revised Form | |
| 42.6 | 42.4 | 42.4 | N/A | ||
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Final for June
Germany: 40.9, pr. 39.6 (May), 35.4 (Apr), 32.4 (Mar), 32.1 (Feb),
Capsule commentary from preliminary release: "The manufacturing PMI rose to 42.4 for June, preliminary data showed. Though the index remains below 50 indicating contraction, the pace of contraction is the slowest in nine months. The data implies that the manufacturing sector is starting to stabilize after shrinking dramatically in the first quarter. The PMI data is one of the most timely indicators for measuring the health of the economy and a bottoming out of the manufacturing sector is an important step before a recovery can take hold." |
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| 2/20 | 3/2 | 3/24 | 4/1 | 4/23 | 5/4 | 5/21 | 6/1 | 6/23 | 7/1 | ||
| Actual | 33.6 | 33.5 | 34.0 | 33.9 | 36.7 | 36.8 | 40.5 | 40.7 | 42.4 | 42.6 | |
| Forecast | 35.0 | 33.6 | 33.5 | 34.0 | 34.9 | 36.7 | 37.9 | 40.5 | 42.4 | 42.4 | |
| Previous | 34.4 | 33.6 | 33.5 | 34.0 | 33.9 | 36.7 | 36.8 | 40.5 | 40.7 | 42.4 | |
| Revised From | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 40.5 | N/A | |
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Actual | Forecast | Previous | Revised Form | |
| 42.4 | 42.4 | 40.7 | 40.5 | ||
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Preliminary for June
Germany: 40.5, pr. 39.6 (May), 35.4 (Apr), 32.4 (Mar), 32.1 (Feb),
The manufacturing PMI rose to 42.4 for June, preliminary data showed. Though the index remains below 50 indicating contraction, the pace of contraction is the slowest in nine months. The data implies that the manufacturing sector is starting to stabilize after shrinking dramatically in the first quarter. The PMI data is one of the most timely indicators for measuring the health of the economy and a bottoming out of the manufacturing sector is an important step before a recovery can take hold. On the other hand, the services PMI fell slightly to 44.5 from May's 44.8. |
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Actual | Forecast | Previous | Revised Form | |
| 40.7 | 40.5 | 40.5 | N/A | ||
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Final for May
Germany: 39.6, pr. 35.4 (Apr), 32.4 (Mar), 32.1 (Feb), 32.0 (Jan),
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Actual | Forecast | Previous | Revised Form | |
| 40.5 | 37.9 | 36.8 | N/A | ||
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Preliminary for May
Germany: 39.1, pr. 35.4 (Apr), 32.4 (Mar), 32.1 (Feb), 32.0 (Jan), 32.7 (Dec),
Europe's preliminary reports on manufacturing and services activity continued to show contraction, but the pace of contraction was the slowest in 8 months. The manufacturing PMI climbing to 40.5 for the May period, from 36.8 in April. The figure was better than expected. There have been some signs pointing to optimism that the worst of the recession may be over. The ECB has lowered rates to a record low and European nations have passed fiscal stimulus packages, which should help to bring the Euro-zone economy out of its worst recession since Word War II. That has resulted in some better confidence reports from investors. Though other signs like a pick up in exports also point to improving conditions, overall things remain difficult. The ECB acknowledged that in their last meeting when they announced a plan to begin quantitative easing, joining other central banks that are currently printing money in order to buy government bonds and corporate debt. There can also be a set back to the recent data developments if another shock hits the financial system. |
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Actual | Forecast | Previous | Revised Form | |
| 36.8 | 36.7 | 36.7 | N/A | ||
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Final for April
Germany: 35.4, prel. 35.0, pr. 32.4 (Mar), 32.1 (Feb), 32.0 (Jan), 32.7 (Dec),
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Actual | Forecast | Previous | Revised Form | |
| 36.7 | 34.9 | 33.9 | N/A | ||
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Preliminary for April
Germany: 35.0, pr. 32.4 (Mar), 32.1 (Feb), 32.0 (Jan), 32.7 (Dec), 35.7 (Nov),
The European manufacturing sector contracted at the slowest pace in six months in April, a welcome sign that may mean economic activity has stabilized, and that the worst may be over. The manufacturing PMI rose to 36.7, beating forecasts. The services sector also recorded an improvement in its PMI, rising to 43.1 from 40.9. The economic slump has caused a rapid decrease in output, which has filtered down into job losses at factories and plants. Increased unemployment has hurt consumer confidence and spending, leading to an adverse feedback loop that has fueled the worst recession since World War II. Hopes are that the 4th quarter of 2007 and the 1st quarter of 2008 suffered the brunt of the slowdown and that manufacturing and services levels begin to improve in the 2nd quarter. |
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Actual | Forecast | Previous | Revised Form | |
| 33.9 | 34.0 | 34.0 | N/A | ||
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Final Version for March
Germany: 32.4, pr. 32.1 (Feb), 32.0 (Jan), 32.7 (Dec), 35.7 (Nov),
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Actual | Forecast | Previous | Revised Form | |
| 34.0 | 33.5 | 33.5 | N/A | ||
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Preliminary Version for March
Germany: 32.4, pr. 32.1 (Feb), 32.0 (Jan), 32.7 (Dec), 35.7 (Nov),
The manufacturing sector contracted at a slightly slower pace in March compared to February, preliminary data showed today. It's the 10th straight month that both the manufacturing and services sectors have contracted. That has resulted in job losses and a reduction in output by firms. Industrial production dropped by the most on record in January, as the recession in the Euro-zone limits demand for big ticket items like cars and machinery. The ECB cut rates to 1.5%, and policy members seem ready to continue their rate-cutting campaign as conditions worsen. |
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Actual | Forecast | Previous | Revised Form | |
| 33.5 | 33.6 | 33.6 | N/A | ||
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Final Version for February
Germany: 32.1. prel. 32.2, pr. 32.0 (Jan), 32.7 (Dec), 35.7 (Nov),
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Actual | Forecast | Previous | Revised Form | |
| 33.6 | 35.0 | 34.4 | N/A | ||
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Preliminary Version for February
Germany: 32.2, pr. 32.0 (Jan), 32.7 (Dec), 35.7 (Nov), 42.9 (Oct), 47.4 (Sep),
The manufacturing sector contracted by a record pace in February, preliminary data showed. The services sector did likewise. The manufacturing PMI slid to 33.6 from 34.4, when forecasts called for a small rise. Therefore, the data disappointed expectations for some stabilization and instead showed the manufacturing and services sectors plunging once again deeper into contraction. That points to a 1st quarter of GDP that may be as weak as the 4th quarter of 2008. |
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