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Germany Services PMI Rose Significantly Despite Trade War Concern

Sarah Sands
Germany Services PMI Rose Significantly Despite Trade War Concern

According to data provided by Markit Economics, the final Markit Germany Services PMI rose significantly in June compared to May. It stood at 54.5 in June compared to 52.1 in May. It beat the preliminary market estimate of 53.9. Employment in the services sector rose at a faster pace in June. The iShares MSCI Germany ETF (EWG), which tracks the performance of Germany’s equity market, dropped 5.2% in June.