Germany’s PMI composite falls to 47.1, continuation of recession

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<p>Germany PMI Manufacturing rose from 43.3 to 45.4 in January, an 11-month high. PMI Services fell from 49.3 to 47.6, a 5-month low. PMI Composite fell from 47.4 to 47.1, a 3-month low. Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank, noted: “Services activity has not only declined for the fourth consecutive month […]</p>
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