Header help text

Start trading with a free $30

There is no better time than now
Your first deposit is on us

Grab your $30 from XM

by ForexNewsNow Team on October 21st, 2010

German services, manufacturing PMIs defy forecasts

Indicator analysis - A manufacturing workerNEW YORK (Forex News Now) – Activity in Germany’s services and manufacturing sectors rose unexpectedly in October, surveys showed on Thursday in one of the day’s major realtime forex news events.

In reports likely to impact currency market trading, the market research firm Markit said its purchasing managers’ index for Germany’s manufacturing sector rose to 56.1 during the month, from a revised 55.1 in September, and that its PMI for the country’s services sector rose to 56.6 from a revised 54.9.

Analysts had expected October’s manufacturing PMI to come in at 54.6 and the month’s services PMI to come in at 55, two major online FX trading news outlets reported.

By ForexNewsNow Team

This is a general account of the ForexNewsNow Team. It is used to published exclusive content carefully crafted by our experts as well as it is used to bring you the most recent industry highlights from our guest contributors that wish to remain anonymous.

More content by ForexNewsNow Team

Comments (0 comment(s))