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Market Insights

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German Business Activity

In a recent report by Reuters, it was highlighted that the upturn in German business activity slowed in June. The HCOB German flash composite Purchasing Managers’ Index dropped to 50.6 from 52.4 in May, below the forecast of 52.7. The services sector index also eased to 53.5 from 54.2 in May, while manufacturing continued to decline to 43.4 from 45.4.

Cyrus de la Rubia, chief economist at Hamburg Commercial Bank, expressed concern over the sharp dip in business activity. Despite challenges in the manufacturing sector, he noted that the service sector remains robust. However, inflation in the service sector poses a challenge for the European Central Bank.

Latest News

Stay informed with the latest updates from Reuters, covering a range of topics from stock market movements to agricultural news. Keep an eye on what’s happening in the financial world to make informed decisions.

Conclusion

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