Growth in German factory activity hits three-month high in September - PMI

Growth in German factory activity hits three-month high in September - PMI
 

German manufacturing growth accelerated to a three-month high in September, partly driven by stronger demand from abroad, a survey showed on Monday, suggesting factories will contribute to an economic expansion in the third quarter.
Markit's Purchasing Managers' Index (PMI) for manufacturing, which accounts for about a fifth of the economy, rose to 54.3 from 53.6 in August.
That was in line with a flash reading and well above the 50 line that separates growth from contraction. The PMI average
reading for the third quarter as a whole stood at 53.9, the highest quarterly reading since the... read more

 
3 October 2016 in Business, Views: 33
Source: Reuters
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