Germany Markit/BME August mftg PMI final reading 1 Sept
- 59.4 flash
- fastest growth of new export business since May 2010
Softer final reading but EURUSD unfazed at 1.1883
- The headline IHS Markit/BME Germany Manufacturing PMI is a composite single-figure indicator of manufacturing performance. It is derived from indicators for new orders, output, employment, suppliers' delivery times and stocks of purchases. Any figure greater than 50.0 indicates overall improvement of the sector.
- The PMI rose to 59.3 in August, from July's five month low of 58.1. This was the third-highest level since April 2011, and signalled a marked overall improvement in manufacturing business conditions in the manufacturing sector of the Eurozone's largest economy.
- The upward movement in the PMI reflected faster increases in output and new orders as well as a greater lengthening in suppliers' delivery times. The current 33-month period of overall growth is the second-longest in the 21-year survey history.
Full report here
