Urgent.. The purchasing managers' index for the manufacturing and services sectors in Germany shows mixed results.

On Friday, S&P Global released the Purchasing Managers' Index (PMI) data for the manufacturing and services sectors in Germany, which came in positive yet below expectations for November, with the indicators remaining in the contraction zone.

According to the data, the preliminary reading for the manufacturing PMI in Germany registered a contraction at 43.2 points in November, which was better than market expectations of around 43.1 points, while the previous reading was about 43.0 points in October.

This index measures the level of activity among purchasing managers in the manufacturing sector, relying primarily on original survey data collected from 1,000 companies within Germany's manufacturing and services sectors. It is based on approximately 85% of the total responses to the monthly Purchasing Managers' Index survey, with a reading above 50 indicating growth, while a reading below 50 indicates contraction.

In the services sector, the preliminary reading for the services PMI in Germany recorded a contraction at 49.9 points in November, which was worse than expectations that suggested it would record growth at 51.6 points. The reading for the index in October was 51.6 points.

The index assesses the level of activity among purchasing managers based on the survey conducted in the services sector. The German services PMI relies on data collected from about 500 companies in the services sector. The index tracks various variables such as sales, employment, inventories, and prices in Germany. It is worth noting that the preliminary estimates are based on approximately 85% of the total responses to the monthly Purchasing Managers' Index survey.