BERLIN, Sept 22 - German business activity fell for the third consecutive month in September due to a sustained decline in demand for goods and services, pointing to a"deep" economic contraction in the quarter, a preliminary survey showed on Friday.
"The HCOB composite PMI confirms our view that Germany has entered once again into contraction during the current quarter," said Cyrus de la Rubia, chief economist at Hamburg Commercial Bank. He added that a"rather deep" 1.0% contraction on the quarter is forecast. The manufacturing PMI rose slightly to 39.8 from 39.1 in August but remained deep in contraction territory, the survey showed.
Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:
Nederland Laatste Nieuws, Nederland Headlines
Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.
Shrinking German business activity points to Q3 contraction-PMIBERLIN (Reuters) - German business activity fell for the third consecutive month in September due to a sustained decline in demand for goods and ...
Bron: SaltWire Network - 🏆 45. / 63 Lees verder »
Mill Market becomes Soo Market on Saturday morningOpening ceremony for new market beside the downtown plaza is set for this weekend; contrary to published report, city has yet to announce when neighbouring plaza will open
Bron: SooToday - 🏆 8. / 85 Lees verder »
Stocks step higher as markets wait for Fed: Stock market news todayWall Street stocks set up for a higher open as investors focus on what the Fed plans for the future.
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »
Dow rises, Nasdaq falls as Fed keeps interest rates unchanged: Stock market news todayStocks were mixed Wednesday as Wall Street digested the Federal Reserve's decision to hold interest rates steady as expected.
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »
Stocks slide after Fed pauses, hints at higher interest rates for longer: Stock market news todayStocks were mixed Wednesday as Wall Street digested the Federal Reserve's decision to hold interest rates steady as expected.
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »
Stocks retreat as Wall Street braces for 'higher for longer' rates: Stock market news todayUS stocks were poised to continue their retreat on Thursday as investors worried over the Fed's hawkish stance.
Bron: YahooFinanceCA - 🏆 47. / 63 Lees verder »