German Preliminary Manufacturing PMI contracts further to 42.1 in August vs. 43.5 expected

• Germany’s Manufacturing PMI declined to 42.1 in August vs. 43.5 forecast.
• Services PMI for the German economy fell to 51.4 in August vs. 52.3 expected.
• EUR/USD remains pressured below 1.1150 after downbeat German PMIs.

The German manufacturing sector contraction deepened in August while the services sector activity worsened, the preliminary business activity report published by the HCOB survey showed Thursday.

more to come ....