According to the monthly survey results released by S & P global on the 23rd, affected by high inflation and rising interest rates, Germany's comprehensive purchasing managers' index (PMI) in August fell to 47.6 from the final value of 48.1 last month, a 26 month low. According to the survey, the PMI of Germany's service industry in August fell to 48.2 from the final value of 49.7 last month, which was the lowest point in 18 months; The manufacturing PMI slightly increased to 49.8 from the final value of 49.3 last month. Phil Smith, an expert of S & P global company, said that the continued weakness of the manufacturing industry is superimposed on the contraction of the service industry. Meanwhile, high inflation and rising interest rates have brought increasing pressure on the demand side. Recently, the inflation rate in the euro area and Germany has remained high. In order to prevent further deterioration of inflation, the European Central Bank launched its first interest rate hike in more than a decade in late July, raising all three key interest rates in the eurozone by 50 basis points. Germany's comprehensive PMI is an indicator to measure the total output of the country's manufacturing and service industries. This index is higher than 50 of the boom and bust line, which means that the economy of relevant industries is expanding, and vice versa. (news agency)