German Preliminary Manufacturing PMI drops to 40.3 in September vs. 42.4 expected

• Germany’s Manufacturing PMI declined to 40.3 in September vs. 42.4 forecast.
• Services PMI for the German economy fell to 50.6 in September vs. 51.0 expected.
• EUR/USD attacks 1.1100 after downbeat German PMIs.

The German manufacturing sector downturn worsened in September while the services sector activity also took a hit, the preliminary business activity report published by the HCOB survey showed Monday.