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Germany: manufacturing PMI rises to 43.8 in November

A slight improvement, but 11-month contraction continues

22 November, 13:02
(ANSA) - ROME, NOVEMBER 22 - Germany's PMI, which monitors manufacturing activity, has slightly improved.

In November, the purchasing managers' index calculated by IHS/ Markit based on a purchasing managers' survey, rose to 43.8 from 42.1 in October. It is the highest level since June, but it continues to signal a continuing contraction, remaining below 50 pts, the threshold between expansion and contraction, for the eleventh month in a row.

The service sector index fell instead to 51.3 points from 51.6 in October. The composite index, which summarizes the activity of the manufacturing and service sectors, rose slightly to 49.2 points from 48.9 in October. (ANSA).

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