Germany: Flash PMI Manufacturing contracts further in June

FXstreet.com (Barcelona) - Preliminary German PMI Manufacturing decreased to 48.7 points in June, from 49.4 points in May, according to data released today by Markit. The result is against market consensus of a rise to 49.8 points.

PMI Services grew to 51.3 points in June, following a 49.7 point reading the previous month and above expectations of a rise to 50 points.