Germany's flash composite PMI drops to 48.7 in July, lower than expected

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HCOB Flash Germany Composite PMI Output Index reading was at 48.7, down from June’s 50.4, lower than the market consensus of 50.7. Flash Services PMI Business Activity Index was at 52.0 vs. 53.1 in ...

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Flash Services PMI Business Activity Index was at 52.0 vs. 53.1 in ...</p>\n\n<a href=\"https://seekingalpha.com/news/4127281-germanys-flash-composite-pmi-drops-to-487-in-july-lower-than-expected\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Germany's flash composite PMI drops to 48.7 in July, lower than expected</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGermany's flash composite PMI drops to 48.7 in July, lower than expected\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-24 15:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4127281-germanys-flash-composite-pmi-drops-to-487-in-july-lower-than-expected><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>HCOB Flash Germany Composite PMI Output Index reading was at 48.7, down from June’s 50.4, lower than the market consensus of 50.7. Flash Services PMI Business Activity Index was at 52.0 vs. 53.1 in ...</p>\n\n<a href=\"https://seekingalpha.com/news/4127281-germanys-flash-composite-pmi-drops-to-487-in-july-lower-than-expected\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GF","symbol_name":"新德基金","start_time":0,"source_url":"https://seekingalpha.com/news/4127281-germanys-flash-composite-pmi-drops-to-487-in-july-lower-than-expected","article_id":"2453891024","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1196974543/image_1196974543.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2453891024","pubTimestamp":1721806626,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"HCOB Flash Germany Composite PMI Output Index reading was at 48.7, down from June’s 50.4, lower than the market consensus of 50.7. Flash Services PMI Business Activity Index was at 52.0 vs. 53.1 in June; a 4-month low. Flash Manufacturing PMI was at 42.6 vs. 43.5 in June; 3-month low.  \"This looks like a serious problem. Germany’s economy fell back into contraction territory, dragged down by a steep and dramatic fall in manufacturing output. The hope that this sector could benefit from a better global economic climate is vanishing into thin air. With the composite PMI now below 50, our GDP Nowcast predicts that economic output will shrink by 0.4% in the third quarter compared to the second quarter. While it is still early days and many data points are yet to come, the second half of the year is starting on a very weak note\" said Dr. Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank.  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The hope that this sector could benefit from a better global economic climate is vanishing into thin air. With the composite PMI now below 50, our GDP Nowcast predicts that economic output will shrink by 0.4% in the third quarter compared to the second quarter. While it is still early days and many data points are yet to come, the second half of the year is starting on a very weak note\" said Dr. Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank.  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