PMI for Tyskland- læs hele meddelelsen her
Latest PMI data pointed to sustained weakness in the underlying trend in German business activity during November. The Flash Germany Composite Output Index – which is based on approximately 85% of usual monthly replies – registered 49.2 in November, edging up for the second month running and from 48.9 in October, but still one of the lowest readings over the past six-and-half years. Elsewhere, employment levels steadied after falling
in October, while expectations towards output edged back into positive territory.
“Beneath the subdued headline numbers the data show another slight convergence between the more domestically-focussed service sector and export-led manufacturing.
“While still showing a degree of resilience, the service sector is growing only modestly and at its slowest rate for over three years.
By contrast, manufacturing remains firmly in contraction, but many of the indicators here are at least moving in the right direction and it would seem the worst of the downturn is over barring any shocks. “A lack of employment growth remains a worry, but the survey data do at least point to support to consumer spending from low inflation and rising wages.”
