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German services contract in April at fastest pace in over three years, PMI shows
Demand evaporated as the final HCOB Germany Services PMI fell to 46.9, its steepest decline in more than three years, S&P Global said.
8 Articles
8 Articles
The Composite PMI, which encompasses the services and manufacturing sectors, fell from 51.9 in March to 48.4 in April.
·Brazil
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In April, the S&P Services SME for Germany fell to its lower level since November 2022, dropping from 50.9 in March to 46.9, the first time since August last year that it fell below the 50 threeshold that distinguishes economic expansion from contraction. (ANSA)
·Italy
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German services contract in April at fastest pace in over three years, PMI shows
Germany's service sector contracted at its steepest rate in more than three years in April as demand evaporated due to rising inflationary pressures and uncertainty linked to the Iran war, a survey showed on Wednesday.
·United Kingdom
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Coverage Details
Total News Sources8
Leaning Left0Leaning Right2Center3Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
C 60%
R 40%
Factuality
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