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Germany: PMI at 51.0 in July as new orders rebound
First reading above 50.0 since December 2018
03 August, 13:07
(ANSA) - BELGRADE, 03 AGO - The IHS Markit/BME Germany
Manufacturing PMI rose to 51.0 in July, up from 45.2 in June,
IHS Markit said today. "This was the first reading above the
50.0 no-change mark since December 2018 and represented a
further recovery from April's recent low of 34.5, recorded at
the height of lockdown measures related to the COVID-19
outbreak," IHS Markit noted.
""The recovery of the German manufacturing sector remains on track, with the PMI improving further from April's low and now finally in growth territory," said Phil Smith, Associate Economics Director at IHS Markit. (ANSA).
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""The recovery of the German manufacturing sector remains on track, with the PMI improving further from April's low and now finally in growth territory," said Phil Smith, Associate Economics Director at IHS Markit. (ANSA).
