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Germany PMI Data Beat: Manufacturing (60.5), Services (52.2)

January 24, 2022

Via: DailyFX

Manufacturing data continues its strong run whereas services had dipped below the 50 mark in December, indicating a more pessimistic outlook for the services sector. Today’s surprise in the data places the services sector above the 50 mark once again.

PMI data includes a headline number, indicating the overall health of the economy, and sub-indices, providing insight into other components that makeup GDP, inflation, capacity utilization, exports, unemployment and inventories. Financial and corporate professionals make use of PMI data to garner a better understanding of where economies are headed, to uncover opportunities.

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