German manufacturing hits four-month low – S&P Global ...News

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German manufacturing hits four-month low – S&P Global
source : Russia Today ( News ) () 95
Factory activity has dropped further than expected by economists, signaling a sharp downturn in the economy, data shows German manufacturing activity dropped well below expectations in February, indicating an accelerated rate of economic downturn, the latest data compiled by S&P Global has revealed.    The manufacturing purchasing managers’ index (PMI) in the Eurozone’s economic powerhouse dropped sharply below economists’ expectations, from 45.5 in January to 42.3 this month, hitting its lowest level in four months. Overall business activity in Germany slipped to 46.1 from 47. A reading below 50 indicates a contr

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