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- Germany’s final manufacturing PMI rises to 52.9 in November
Germany’s final manufacturing PMI rises to 52.9 in November
Markit Economics released its final manufacturing purchasing managers' index (PMI) for Germany on Tuesday. Germany's final manufacturing purchasing managers' index (PMI) climbed to 52.9 in November from 52.1 in October, up from the preliminary reading of 52.6.
The index was driven by a rise in production and new orders. New export business showed the strongest rise since February 2014.
"The German Manufacturing PMI recovered some of the ground it had lost recently and rose to a three month high in November, with employment, new orders and output all rising at slightly stronger, although still moderate rates. For now, it seems as if Germany's goods-producing sector is largely unaffected by the VW emissions scandal," Markit economist Oliver Kolodseike said.
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