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German flash manufacturing PMI has dropped to 53.8 in March from 54.8 in February and missed consensus of 54.7.
Services fell to 54 from 55.9 and vs 55.8.
Manufacturing output declined to 57 from 57.4.
Composite output dropped to 55 from 56.4.
Staffing rose for a fifth straight month, although "the increase was largely driven by hiring efforts at service providers," says Markit, "while manufacturing firms only reported a fractional rise in workforce numbers."
Still, the data points to GDP growth of up to 0.7% in Q1, Markit says.
The euro comes back down after jumping a bit following the French PMI and is flat at $1.3795. The DAX is -0.45%. (PR)
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)
German factory orders surged 3.3% on month in September, rebounding from a fall of 0.3% in August and slaying expectations for growth of 0.5%.
On year, orders jumped 7.9% after climbing 3.1% a month earlier.
Foreign bookings rose 6.8% in September, with eurozone demand climbing 9.7%, although domestic orders fell 1%. Still, foreign demand remains rather weak, Germany's Economy Ministry says. "The data confirm the picture of an increasingly domestically driven economic recovery."
The data adds to PMI readings that show continued growth in overall German business activity.
The euro spikes and is +0.2% vs the dollar, while the Dax is +0.4%.
German flash manufacturing PMI rises to 51.8 in August (flash 52) from 50.7 in July.
"Improvements in domestic sales and a rebound in export demand...(combined) to generate the fastest expansion of output volumes since the middle of 2011," says Markit. "The "accumulation of unfinished work for the first time in five months...should stimulate job creation and investment spending."
Expects manufacturing output to make a "positive contribution to German GDP" in Q3.