Germany Services PMI: demand signal ahead of eurozone inflation test
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Germany Services Activity Accelerates, Composite PMI Beats Forecast
Germany's October services PMI rose to 52.5 from 51.7, while the composite index climbed to 53.4 from 52.8—both above consensus. Demand strength tests whether the eurozone can sustain price levels amid slowing wage growth. EUR traders watch next: eurozone flash CPI and Lagarde's remarks on growth-inflation balance.
https://x.com/LiveSquawk/status/2117903529146724651German Services PMI Rises from 51.7 to 52.5 in October
Germany's services sector expanded faster than initially reported, with the PMI climbing to 52.5 from the preliminary 51.7. The upward revision signals stronger demand in Europe's largest economy. Traders watch tomorrow's eurozone CPI flash estimate and Lagarde's remarks to gauge ECB policy direction amid wage growth deceleration.
https://x.com/FirstSquawk/status/2117903807573287103New to MyTradingLand?
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