Germany: Flash PMI Manufacturing contraction slows down in May

FXstreet.com (Barcelona) - Preliminary German PMI Manufacturing increased to 49 points in May, from 48.1 points in April, according to data released today by Markit. The result is above market consensus of 48.5 points.

PMI Services grew to 49.8 points in May, following a 49.6 point reading the previous month and below expectations of a rise to 50 points.