German manufacturing activity picks up pace


German manufacturing PMI has increased to 54.1 (flash 54.2) in April from 53.7 in March.

Production growth accelerated despite a weaker increase in new orders, employment continued to rise at a very moderate pace, new export growth eased to a six-month low, and input costs fell at the quickest pace in nine months.

"The following months will show whether April's weak export reading was only a temporary blip or if the appreciation of the euro is having a noticeable effect on client demand from export markets," says Markit.

The Dax is flat. (PR)

ETFs: EWG, BUND, EWGS, DBGR, GERJ, DXGE, BUNL, FGM, BUNT, GGOV, HEWG

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