Purchasing Managers’ Index Three Points Down
Output and new order growth in the German manufacturing sector eased markedly in August. As a result, the purchasing volume dropped to 58.2, from 61.2 in July. Read more
PMI Reflects Robust Economic Growth
The current debt crisis, public savings packages and the continued fall of the euro have not slowed down the German economy. Robust growth in June is reflected by the seasonally adjusted Markit/BME Germany Purchasing Managers’ Index (PMI) – a composite indicator designed to give a single-figure snapshot of operating conditions in the manufacturing economy – which was unchanged at 58.4 in June. Read more
