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Tysk PMI erhvervstillid viser fortsat styrke

Morten W. Langer

tirsdag 01. december 2015 kl. 19:14

PMI for Tyskland: fra Markit:

Business conditions in Germany’s goods-producing sector improved for the twelfth month running in November. Moreover, the final seasonally adjusted Markit/BME Germany Manufacturing Purchasing Managers’ Index® (PMI® ) – a single-figure snapshot of the performance of the manufacturing economy – rose from October’s 52.1 to 52.9, thereby signalling slightly stronger growth in the sector.

Production growth in Germany was maintained during November, according to latest survey results, with the pace of expansion the fastest in three months. Sector data suggested that consumer and investment goods producers reported particularly strong growth of output, with a more modest upturn signalled by intermediate goods manufacturers. Latest survey data also highlighted accelerated growth of new business amid reports of an improving economic environment and stronger export demand.

The latest rise in new business from abroad was in fact the most marked in 21 months. Anecdotal evidence suggested that the weak euro helped boost new export business. Capacity pressures at German manufacturers continued to build during November, as inflows of new work led to a further accumulation of business outstanding.

The rate at which backlogs rose was the second-strongest in 20 months. November saw manufacturing employment in Germany rise for the fourteenth month running. The rate of job creation was the strongest in three months, albeit moderate overall. On the price front, input costs declined for the fourth consecutive month in November.

The rate at which input prices fell was the slowest since August, but nonetheless sharp overall. Companies commented on lower commodity and energy prices. Despite input costs falling further, German goods producers raised their selling prices for the first time in three months. That said, the rate of charge inflation was fractional. In line with a sharper rise in new business, German manufacturing companies increased their purchasing activity to a greater extent.

The latest expansion was in fact the sharpest since February 2014

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