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Germany: manufacturing PMI falls, first time in 4 years
January, index slipped to 49.9 pts. Services PMI up to 53.1
24 January, 20:06
(ANSA) - ROME, JAN 24 - In Germany, the PMI index that monitors
the manufacturing sector has recorded a slowdown for the first
time in four years. In January, the PMI index - Markit reported
- splipped to 49.9 points from 51.5 in December, below 50, which
is the threshold between the cycle's expansion and contraction.
The new orders have plummeted to a record low since 2012, mainly due to the slowdown in the automotive sector. On the other hand, the services sector has improved; the PMI index went up to 53.1 from 51.8, thus contributing to the rise of the composite index from 51.6 to 52.1. (ANSA).
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The new orders have plummeted to a record low since 2012, mainly due to the slowdown in the automotive sector. On the other hand, the services sector has improved; the PMI index went up to 53.1 from 51.8, thus contributing to the rise of the composite index from 51.6 to 52.1. (ANSA).
