Germany's Composite PMI: The HCOB Flash Germany Composite PMI Output Index fell to 51.5 in December from 52.4 in November, indicating a slowdown in service sector growth to its weakest level since September.
Manufacturing Sector Decline: The HCOB Flash Germany Manufacturing PMI dropped to 47.7, marking a 10-month low and indicating a deeper contraction in manufacturing activity for the second consecutive month.
Services PMI Update: The HCOB Flash Germany Services PMI Business Activity Index decreased to 52.6 from 53 in November, reflecting a three-month low in service sector activity.
Economic Outlook: Dr. Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank, expressed concerns over the manufacturing sector's downturn, noting that declining order intakes and production levels do not bode well for the upcoming year.
Wall Street analysts forecast EWG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EWG is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast EWG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EWG is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 42.820
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Current: 42.820
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
