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German PMI climbs back into growth territory in July, driven by expansion in manufacturing production
July saw the German economy return to expansion territory for the first time in four months, driven by a marked upturn in manufacturing production, according to the latest ‘flash’ S&P Global PMI® survey. Growth was supported by stronger demand for goods and services, including a renewed increase in new export orders. Firms were slightly more optimistic about the year-ahead outlook for activity, which was reflected in a slowdown in the pace of job losses. As for prices, there was a slightly faster rise in input costs at the start of the third quarter, owing to increased pressures facing services firms. ... (full story)
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From channelnewsasia.com | 8 hr ago
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- Jul 24, 2:31am | 1 hr 55 min ago Posted by
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