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InstaForex - Official partner of Dragon Racing

This section features the most important information about trading with InstaForex. We provide both analysis from leading experts for experienced traders and articles on trading conditions for beginners. Our services will help increase your profit potential.

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InstaForex is an international brand created in 2007. The company provides services for online FX trading and is recognized as one of the world's leading brokers. We have won the trust of more than 7,000,000 retail traders, who have already appreciated our reliability and focus on innovations.

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InstaForex - Official partner of Dragon Racing

2019.09.2305:07:00UTC+00Germany's Private Sector Contracts Most Since Late 2012

Germany's private sector contracted the most since late 2012 as the downturn in manufacturing deepened and service sector growth lost momentum, survey data from IHS Markit showed Monday.

The flash composite Purchasing Managers' Index declined to 49.1 in September from 51.7 in August. It was the first reading below the 50 'no change' threshold since April 2013. The rate of decline signaled was the steepest in almost seven years.

The services PMI came in at a 9-month low of 52.5 versus 54.8 a month ago. The reading was expected to fall to 54.4.

The factory PMI plunged unexpectedly to a 123-month low of 41.4 compared to 43.5 in August.

The economy is limping towards the final quarter of the year and, on its current trajectory, might not see any growth before the end of 2019, Phil Smith, principal economist at IHS Markit said.

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