StockNow
CalendarLog in
Global Economy

German S&P Global Services PMI Final (Aug) 49.7 vs. Exp. 48.5 (Prev. 49.8)

StockNow breaking-news AI analysis

Germany's August Services PMI reached 49.7, beating forecasts. While fuel costs increased input pressures, output inflation slowed and services may follow manufacturing's growth.

News detail

"we're certainly seeing a more stable picture in terms of business activity across the service sector than a few months back". "Cost pressures picked up across the service sector in August, in line with increased prices at the fuel pumps, but a slight slowdown in the rate of output price inflation points to service providers showing some restraint when it comes to their own price-setting." "Manufacturing is enjoying a bit of growth spurt, and there are signs that services could soon follow suit."

What do investors think?

Curious what other investors think?Log in to see reactions and join the conversation.
Log in to view reactions

StockNow uses AI to translate and analyze information and does not guarantee its accuracy or completeness.

Today's market highlights

A selection of stories drawing attention in the market.

See more
Politics

Russian President Putin says that Russia and Ukraine should agree first; he notes that there is an opportunity to reach a peace agreement

Commodities

Russian Deputy PM Novak says OPEC's role in the market remains important; will continue to exert significant influence on the oil market because of its high output

Global Markets

Cintrini's Jukan, citing Citi sales desk, says "The current sell-off in Korean memory stocks is being driven by a rumour that the US is preparing tariffs targeting Korean semiconductors"

C005930000660