German manufacturing PMI dropped to 43.0 in July from 45.0 in June, reaching its lowest level since June 2009. "Manufacturers linked the latest setback to shrinking export sales and a general shortage of new work to replace completed projects... job shedding was the most marked since the start of 2010." (PR .pdf)
German manufacturing PMI dropped to 43.0 in July from 45.0 in June, reaching its lowest level...
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