{"id":307975,"date":"2024-05-23T13:30:17","date_gmt":"2024-05-23T08:00:17","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=307975"},"modified":"2024-05-23T13:30:17","modified_gmt":"2024-05-23T08:00:17","slug":"german-preliminary-manufacturing-pmi-jumps-to-45-4-in-may-vs-43-1-expected-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/german-preliminary-manufacturing-pmi-jumps-to-45-4-in-may-vs-43-1-expected-crypto-news\/","title":{"rendered":"German Preliminary Manufacturing PMI jumps to 45.4 in May vs. 43.1 expected – Crypto News"},"content":{"rendered":"

<\/p>\n

\n

The German manufacturing sector\u2019s pace of contraction slowed in May while the services sector outperformed, the preliminary business activity report published by the HCOB survey showed Thursday.<\/p>\n

The\u00a0HCOB\u00a0Manufacturing PMI\u00a0in the Eurozone\u2019s economic powerhouse came in at 45.4 this month, improving from April\u2019s 42.5 while much above the expected 43.1 print. The index climbed to the highest level in four months.<\/p>\n

Meanwhile, Services\u00a0PMI<\/strong><\/a>\u00a0rose from 53.2 in April to 53.9 in May, above the market consensus of 53.5 in the reported period. The measure hit an 11-month peak.<\/p>\n

The HCOB Preliminary German Composite Output Index stood at 52.2 in May vs. 51.0 expected\u00a0and 50.6 recorded in April. The gauge clinched a yearly high.<\/p>\n

FX implications<\/h2>\n

EUR\/USD<\/strong><\/a>\u00a0has bounced off intraday lows on the strong German data, currently trading 0.07% higher on the day at 1.0830.<\/p>\n

\n
\n

Euro PRICE Today<\/h2>\n

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the strongest against the US Dollar.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/th>\nUSD<\/th>\nEUR<\/th>\nGBP<\/th>\nJPY<\/th>\nCAD<\/th>\nAUD<\/th>\nNZD<\/th>\nCHF<\/th>\n<\/tr>\n<\/thead>\n
USD<\/th>\n\u00a0<\/td>\n-0.05%<\/td>\n-0.09%<\/td>\n-0.09%<\/td>\n-0.11%<\/td>\n-0.04%<\/td>\n-0.20%<\/td>\n-0.13%<\/td>\n<\/tr>\n
EUR<\/th>\n0.05%<\/td>\n\u00a0<\/td>\n-0.04%<\/td>\n-0.03%<\/td>\n-0.06%<\/td>\n0.00%<\/td>\n-0.17%<\/td>\n-0.08%<\/td>\n<\/tr>\n
GBP<\/th>\n0.09%<\/td>\n0.04%<\/td>\n\u00a0<\/td>\n0.02%<\/td>\n-0.02%<\/td>\n0.05%<\/td>\n-0.12%<\/td>\n-0.04%<\/td>\n<\/tr>\n
JPY<\/th>\n0.09%<\/td>\n0.03%<\/td>\n-0.02%<\/td>\n\u00a0<\/td>\n-0.02%<\/td>\n0.04%<\/td>\n-0.18%<\/td>\n-0.05%<\/td>\n<\/tr>\n
CAD<\/th>\n0.11%<\/td>\n0.06%<\/td>\n0.02%<\/td>\n0.02%<\/td>\n\u00a0<\/td>\n0.07%<\/td>\n-0.09%<\/td>\n-0.03%<\/td>\n<\/tr>\n
AUD<\/th>\n0.04%<\/td>\n-0.01%<\/td>\n-0.05%<\/td>\n-0.04%<\/td>\n-0.07%<\/td>\n\u00a0<\/td>\n-0.16%<\/td>\n-0.11%<\/td>\n<\/tr>\n
NZD<\/th>\n0.20%<\/td>\n0.17%<\/td>\n0.12%<\/td>\n0.18%<\/td>\n0.09%<\/td>\n0.16%<\/td>\n\u00a0<\/td>\n0.07%<\/td>\n<\/tr>\n
CHF<\/th>\n0.13%<\/td>\n0.08%<\/td>\n0.04%<\/td>\n0.05%<\/td>\n0.03%<\/td>\n0.11%<\/td>\n-0.07%<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)\/USD (quote).<\/p>\n<\/div>\n<\/div>\n

\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

The German manufacturing sector\u2019s pace of contraction slowed in May while the services sector outperformed, the preliminary business activity report published by the HCOB survey showed Thursday. The\u00a0HCOB\u00a0Manufacturing PMI\u00a0in the Eurozone\u2019s economic powerhouse came in at 45.4 this month, improving from April\u2019s 42.5 while much above the expected 43.1 print. The index climbed to the […]<\/p>\n","protected":false},"author":2,"featured_media":24708,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,843,433,728,255,250,1064,252,1063,247,253,249,256,254],"class_list":["post-307975","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-economicindicator","tag-eurusd","tag-germany","tag-gta","tag-looks-rare","tag-manufacturing","tag-oracle","tag-pmi","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/307975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=307975"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/307975\/revisions"}],"predecessor-version":[{"id":307978,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/307975\/revisions\/307978"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/24708"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=307975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=307975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=307975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}