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- German manufacutring PMI unchanged in August
German manufacutring PMI unchanged in August
The manufacturing upturn in Germany that started in December 2014 continued in August. Although the final seasonally adjusted Markit/BME Germany Manufacturing Purchasing Managers' Index® (PMI® ) - a single-figure snapshot of the performance of the manufacturing economy - fell from 53.8 in July to a 53.6, it remained above its long-run average (51.9) and signalled a solid improvement in manufacturers operating conditions. August data highlighted a further sharp rise in production volumes at German manufacturers, with the pace of expansion down only slightly from July's 27-month high. Increased demand was the main driver behind the rise in output, according to panel evidence.
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