German HCOB Manufacturing PMI Flash (Jan) 48.7 vs. Exp. 47.8 (Prev. 47.0)
Newsquawk Staff ·
German HCOB Manufacturing PMI Flash (Jan) 48.7 vs. Exp. 47.8 (Prev. 47.0)
What it means
The German HCOB Manufacturing PMI for January came in at 48.7, beating expectations of 47.8 and improving from the previous print of 47.0. This suggests a slight rebound in manufacturing activity, which may bolster confidence in the Eurozone's economic outlook, potentially impacting monetary policy discussions in the coming weeks.
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