German manufacturing PMI declined to two-month low

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Source: Forexpros
German manufacturing activity fell to two-month low this month, according to official data. The German manufacturing PMI measured by Markit lost seasonally adjusted 0.9 points to 50.1 this month as compared to 51.0 in the preceding month. Experts predicted to indicator to add 0.5 points to 51.5. Moreover, the services sector posted losses, falling by 1.1 points to 52.6 while analysts projected it to inch up 0.1 point to 53.8.


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Thu, 23 Feb 2012 10:59:38 GMT

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