Flash German manufacturing PMI rises to 46.8 in November from 46 in October; manufacturing...
Nov 22 2012, 04:18 ET
Flash German manufacturing PMI rises to 46.8 in November from 46 in October; manufacturing output 47.7 vs 46.3; services falls to 48 from 48.4 and hits a 41-month low; composite output 47.9 vs 47.7. "November’s survey suggests that the near-term outlook remains bleak," says Markit. "Stocks of purchases across the manufacturing sector, which can be a useful barometer of confidence in the demand outlook, dropped at the steepest pace for three years." (PR)