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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."
German services PMI increased to a 32-month high of 55.9 (flash 55.4) in February from 53.1 in January
Composite output climbed to a 33-month high of 56.4 (flash 56.1) from 55.5.
"Staffing levels rose to the greatest extent in over two years and business expectations remained at a historically high level," says Markit, "lifting hopes that the current economic upturn will be sustained in the coming months."
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)