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- German economy is continuing its uninterrupted upward trend in August - Markit
German economy is continuing its uninterrupted upward trend in August - Markit
- Flash Germany PMI Composite Output Index(1) at 54.4 (55.3 in July). 2-month low.
- Flash Germany Services PMI Activity Index(2) at 53.3 (54.4 in July). 15-month low.
- Flash Germany Manufacturing PMI(3) at 53.6 (53.8 in July). 3-month low.
- Flash Germany Manufacturing Output Index(4) at 56.6 (57.0 in July), 2-month low.
Oliver Kolodseike, Economist at IHS Markit said: "Today's survey results highlight that the German economy is continuing its uninterrupted upward trend in August. However, output, new orders and employment all rose at slightly weaker rates during the month, thereby signalling that business conditions have become a bit more challenging since the prior month. "
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