1 Mar 2016
German manufacturing PMI hit 15-month low in February
Markit/BME Germany Manufacturing Purchasing Managers’ Index (PMI) dropped from January’s 52.3 to a 15-month low of 50.5. The data was slightly better than expected figure of 50.2.
Key points
Total new orders and new export orders both rising at the weakest rates in seven months
The data signaled the first reduction in workforce numbers since August 2014
Input costs fell further, as low energy and raw material prices continued to exert downward pressure on overall costs
Key points
Total new orders and new export orders both rising at the weakest rates in seven months
The data signaled the first reduction in workforce numbers since August 2014
Input costs fell further, as low energy and raw material prices continued to exert downward pressure on overall costs