At 09:30 (GMT+2), the August data on business activity indices in the manufacturing and service sectors in Germany will be published. The indicators reflect the state of business activity in the national manufacturing and service industries based on a survey of purchasing and supply managers of leading national enterprises while assessing the attitude of purchasing and supply managers to the current economic situation and the prospects for its further development. It is expected that the manufacturing PMI will fall from 38.8 points to 38.7 points and service PMI – from 52.3 points to 51.5 points. Implementation of the forecast may harm the euro.
