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Germany Markit Services PMI came in at 54.9 below forecasts (56.4) in August

FXStreet.com (Barcelona)

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The Goldman Sachs team of economists believe that the ECB will remain on hold in December, refraining from modifying interest rates or adding further non-standard measures, as recent inflation and activity data has been disappointing.
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Germany: Services PMI declines to 54.9 in August

German Services PMI fell to 54.9 points in August, from 56.7 points in July, according to data released today by Markit. The result is below market consensus of 56.4 points.
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