Seeking Alpha

German manufacturing growth eases

  • German manufacturing PMI dropped to 53.7 in March (flash 53.8) from 54.8 in February.
  • Growth rates of output and new orders eased further but remained marked, new export orders rose at the slowest pace since October, and companies reduced output charges in response to lower input costs.
  • "The data signal that there might still be a few obstacles on the path to recovery," says Markit. However, "despite weaker growth in March, the German manufacturing economy rounded off its strongest quarter in nearly three years."
  • The DAX is +0.4%. (PR)
  • ETFs: EWG, BUND, EWGS, DBGR, GERJ, DXGE, BUNL, FGM, BUNT, GGOV, HEWG
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