German Preliminary Manufacturing PMI drops to 44.4 in March vs. 47.0 expected

• German Manufacturing PMI arrives at 44.4 in March vs. 47.0 expected.
• Services PMI in Germany jumps to 53.9 in March vs. 51.0 expected.
• EUR/USD keeps losses below 1.0800 on mixed German PMIs.

The German manufacturing sector activity continues to worsen in March despite falling inflationary pressures, the preliminary manufacturing activity report from S&P Global/BME research showed this Friday.

The Manufacturing PMI in Eurozone’s economic powerhouse came in at 44.4 this month vs. 47.0 expected and 46.3 prior.

more to come ...