Germany: Flash PMI Manufacturing returns to contraction in March

FXstreet.com (Barcelona) - Preliminary German PMI Manufacturing decreased to 48.9 points in March, from 50.3 points in February, according to data released today by Markit. The result came in against market consensus of an expansion to 50.5 points.

PMI Services fell to 51.6 points in March, following a 54.7 point reading the previous month and against expectations of a rise to 55 points.