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Fading Supply Problems Ease Downturn in German Manufacturing: PMI

Started by Epoch-Times-Bot, Jan 02, 2023, 11:15 AM

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Epoch-Times-Bot

Jan 02, 2023, 11:15 AM
Fading Supply Problems Ease Downturn in German Manufacturing: PMI

BERLIN—Fading supply chain problems helped ease the downturn in Germany’s manufacturing sector in December, although weaker demand continues to weigh on sentiment, a survey showed on Monday.
S&P Global’s final Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about a fifth of Germany’s economy, rose to 47.1 from November’s 46.2.
While it was the third month-on-month increase in a row, the index is still below the 50 mark, meaning activity continues to shrink, albeit at a slower pace.
A Reuters poll of analysts had pointed to a December reading of 47.4, in line with an earlier flash reading....

Source: Fading Supply Problems Ease Downturn in German Manufacturing: PMI

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Aug 28, 2024, 10:15 PM
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