Germany Markit Manufacturing PMI registered at 52.1, below expectations (53) in January

Germany’s Manufacturing PMI came in at 52.1 in January as against 53.2 recorded in December. Manufacturing PMI is at a 3-month low. Services PMI dropped as well, falling to 55.4, down from December’s 56.0. Composite PMI in January stood at 54.5, lower than 55.5 seen in December.