US EditionGermany’s Manufacturing Sector Steadies Economy Amid Global Uncertainty
4 Articles
4 Articles
Unlike expected, the German economy gained momentum in August. The purchasing manager index has slightly increased – a "sign of resilience" for economists.
Germany’s Manufacturing Sector Steadies Economy Amid Global Uncertainty
Germany’s economy posted modest growth in August, largely driven by a stronger-than-expected performance in the manufacturing sector, according to the latest data from the HCOB Flash Germany Composite Purchasing Managers’ Index (PMI). The index climbed to 50.9, up from 50.6 in July, marking the highest reading in five months. A PMI above 50 signals expansion. […] The post Germany’s Manufacturing Sector Steadies Economy Amid Global Uncertainty ap…
Production contributed to the unexpected acceleration in activity growth
The German purchasing manager index rose in August. Above all data on industry show hope, according to the accompanying statements. The post purchasing manager index higher – industry at 38-months high appeared first on financemarktwelt.de.
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