Seeking Alpha

German manufacturing growth accelerates

  • German manufacturing PMI rose to a 32-month high of 56.5 (flash 56.3) in January from 54.3 in December.
  • Output and new orders rose at the sharpest rates in nearly three years, while overseas demand strengthened markedly, employment continued to grow and backlogs accumulated sharply.
  • "The German economy looks set for a strong performance in the first quarter of the year, which comes as a relief after official data indicated that German GDP increased a disappointing 0.4% in 2013," says Markit.
  • The  DAX is -0.3% and the euro is +0.05% at $1.3496. (PR)
  • ETFs: FXE, EUO, EWG, ERO, DRR, EWGS, EUFX, ULE, GERJ, DBGR, URR, DXGE, FGM
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)