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Image: Lenny Kuhne on Unsplash
Purchasing Managers' Index reflected a fourth month of growth for Germany. It includes the manufacturing and service sectors to gauge economic activity. Manufacturing rated 58.0 while service came in at 48.9. A value of 50 represents contraction. This is encouraging because like star athletes, strong economies need to perform when it counts. We know what happened to the service sector.
Now, if they could just fix the unwanted tire pressure sensor that has spouses yelling at each other over mixed readings, we'd all be better off.
EURUSD opens at 1.186 today.