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Germany: Flash PMI Manufacturing drops more than expected in September

FXStreet (Łódź) - Preliminary German PMI Manufacturing decreased to 50.3 in September, from 51.4 in August, according to data released today by Markit. The result is below market consensus of 51.2 points.

PMI Services grew to 55.4 in September, following a 54.9 reading the previous month and against expectations of a slide to 54.6.

Germany Markit Manufacturing PMI below expectations (51.2) in September: Actual (50.3)

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EUR/CHF support seen in the mid-1.2000s – Commerzbank

In the view of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the cross could re-visit the recent support at the1.2055/45 band...
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