German Preliminary Manufacturing PMI rises to 49 in June as expected

• Germany’s Manufacturing PMI rose to 49 in June vs. 49 forecast.
• Services PMI for the German economy improved to 49.4 in June vs. 47.5 estimate.
• EUR/USD keeps the red near 1.1500 after mixed German PMIs.

The German manufacturing and services sectors contraction eased in June, the preliminary business activity report published by the HCOB survey showed on Monday.

The HCOB Manufacturing PMI in the Eurozone’s top economy improved to 49 this month, compared with May’s 48.3, aligning with the expected 49 reading.

more to come ....