FXstreet.com (Barcelona) - German manufacturing and services sectors' activity as grown in May at a slightly slower pace than in April, according to the latest flash estimate PMI indexes by NTC Research.

Manufacturing PMI has declined to a reading of 53.3 in May from 53.6 in April, while the services PMI has declined to 53.7 in may from 54.9 in April. The Composite PMI has remained unchanged at 55.1.

Both sectors' activity has grown on the month as the PMI index shows expansion of activity in figures above 50, and contraction otherwise.