German manufacturing activity slows

|By:, SA News Editor

German manufacturing PMI dropped to 54.8 (flash 54.7) in February from 56.5 in January.

"With companies reporting strong expansions in new orders and export sales, the (manufacturing) sector looks set for further growth in the near future," says Markit. "Encouragingly, companies continued to take on additional staff, which signals confidence about future workloads."

The euro is -0.2% vs the dollar, while the DAX is -1.9%, hurt by the developments between Ukraine and Russia. (PR)

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