- Prior 44.7
- Services PMI 55.7 vs 53.3 expected
- Prior 53.7
- Composite PMI 53.9 vs 52.7 expected
- Prior 52.6
Similar to the French report earlier, there is a divergence as the services sector picks up strongly while the manufacturing sector sees a further downturn on the month. The former is at at 12-month high while the latter slumps to a 35-month low. A pick up in demand conditions contributed to stronger services activity while manufacturing weakened amid further pressure on order books. HCOB notes that:
