• Germany’s final manufacturing PMI falls to 52.3 in September

Market news

1 October 2015

Germany’s final manufacturing PMI falls to 52.3 in September

Markit Economics released its final manufacturing purchasing managers' index (PMI) for Germany on Thursday. Germany's final manufacturing purchasing managers' index (PMI) fell to 52.3 in September from 53.3 in August, down from a preliminary reading of 52.5.

The decline was driven by a fall in input prices.

"Germany's manufacturing sector lost some of its growth momentum in September, with the headline PMI down slightly since August. Nevertheless, the average for the third quarter as a whole was the best in over a year, suggesting that the goods-producing sector should have a positive contribution to overall GDP in Q3," Markit economist Oliver Kolodseike said.

Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Open Demo Account & Personal Page
I understand and accept the Privacy Policy and agree to my name and contact details being used by TeleTrade to contact me about this.