German flash manufacturing PMI drops to 53.7 in Sept, 25-month lows

German business activity continued to slow down its pace of expansion in the month of September, the latest manufacturing activity report from IHS/Markit research showed.

German manufacturing purchasing managers index (PMI) dropped sharply in September, coming in at 53.7 while services PMI jumped to 8-month highs of 56.5 versus 55 last.

The IHS Markit Flash Germany Composite Output Index reversed to hit two-month lows at 55.3 in September, from August’s 55.6.