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Germany: January, the composite PMI falls to 50.8
Slightly higher than what economists had estimated
22 January, 15:10
(ANSA) - ROME, 22 GEN - According to preliminary reading by
Ihs Markit, in Germany, the composite PMI, which monitors the
service and manufacturing sectors' activity, fell in January to
50.8 points from 52 points in December. The value is slightly
higher than the estimates of economists, who had predicted a
drop to 50. The manufacturing PMI fell to 57 from 58.3 in
December and that of services to 46.8 from 47. The 50-point
threshold represents the watershed between expansion and cycle's
contraction. (ANSA).
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