Seeking Alpha

German factory activity improves

  • German flash manufacturing PMI rises to 51.8 in August (flash 52) from 50.7 in July.
  • "Improvements in domestic sales and a rebound in export demand...(combined) to generate the fastest expansion of output volumes since the middle of 2011," says Markit. "The "accumulation of unfinished work for the first time in five months...should stimulate job creation and investment spending."
  • Expects manufacturing output to make a "positive contribution to German GDP" in Q3.
  • DAX +1.5%, euro flat. (PR)
  • ETFs - Stocks: FGM, EWG, GERJ, EWGS, DBGR. Bonds: BUNL, BUNT, BUND, GGOV
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