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2 Mar 2015
German manufacturing activity expands in January
FXStreet (Mumbai) - Markit/BME Germany Manufacturing Purchasing Managers’ Index (PMI) rose marginally to 51.1 in Febraury from 50.9 in January. Output has now increased for 22 months running.
The slight improvement was on account of new business, which rose at a quicker pace in seven months. Input costs in Germany’s manufacturing sector declined further in February; Low oil prices continued to exert downward pressure on input costs. Output prices declined for a fourth successive month in February, although the rate of price fall was marginal.
Oliver Kolodseike, economist at Markit and the author of the report, “growth rates remained below levels seen at the start of last year, an improving economic environment and a weak euro should help boost demand in coming months. A further positive development is the return to new export order growth, as demand from Asia and the US strengthened on the month.”
The slight improvement was on account of new business, which rose at a quicker pace in seven months. Input costs in Germany’s manufacturing sector declined further in February; Low oil prices continued to exert downward pressure on input costs. Output prices declined for a fourth successive month in February, although the rate of price fall was marginal.
Oliver Kolodseike, economist at Markit and the author of the report, “growth rates remained below levels seen at the start of last year, an improving economic environment and a weak euro should help boost demand in coming months. A further positive development is the return to new export order growth, as demand from Asia and the US strengthened on the month.”