German PMI Rises In January
The economy of the largest nation in Europe based on GDP recovered in January, a sign that it may escape recession Markit, the region’s research firm reported January data indicated that Germany’s private sector started 2012 with an encouraging rebound…
The economy of the largest nation in Europe based on GDP recovered in January, a sign that it may escape recession
Markit, the region’s research firm reported
January data indicated that Germany’s private sector started 2012 with an encouraging rebound in business activity. The seasonally adjusted Markit Flash Germany Composite Output Index rose from 51.3 in December to 54.0, and thereby signalled the strongest pace of expansion since June 2011. The index has posted above the 50.0 no-change level in each of the past two months, with the latest improvement driven by both manufacturing and service sector growth.
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