Fra Markit om den tyske erhvervsstillid:
October data signalled a return to growth in Germany’s goods-producing sector, as highlighted by the final seasonally adjusted Markit/BME Germany Manufacturing Purchasing Managers’ Index® (PMI®) – a single-figure snapshot of the performance of the manufacturing economy – rising from September’s 15-month low of 49.9 to 51.4. That said, the rate of improvement in operating conditions was modest overall and well below levels seen at the beginning of the year. The headline index reading followed an earlier ‘flash’ estimate of 51.8.
Production at German manufacturers increased further at the start of the fourth quarter, and the pace of expansion accelerated to a three-month high. Some panellists linked higher output to the build-up of stock. Consumer and investment goods producers signalled the strongest growth in output. Meanwhile, a slowing economy and the Russian sanctions continued to weigh on demand, highlighted by a second successive, albeit fractional, drop in new orders. That said, the fall in total new work was domestically driven, as new export orders continued to increase. Some survey participants mentioned the US as a source of export growth
