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German Dec services PMI 51.2 points vs 53.1 in Nov; consensus 52.4 - sources

Friday, January 4, 2008

FRANKFURT (Thomson Financial) - The German purchasing managers' index for services fell to 51.2 points in December from 53.1 in November, market sources said.

Economists polled by Thomson Financial News had expected a reading of 52.4 points.

A reading above 50 indicates that the services sector is expanding, while one below 50 indicates contraction.

Posted by MOHAMED SAID at 1:20 AM  


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