Markit Economics released its final manufacturing purchasing managers’ index (PMI) for Germany on Wednesday. Germany’s final Markit/BME manufacturing purchasing managers’ index (PMI) rose to 52.1 in May from 51.8 in April, down from the preliminary reading of 52.4.
The index was mainly driven by rises in output.
“It is encouraging that Germany’s manufacturing PMI appears to be on an upward journey, with the latest index reading the highest since January and fuelled by an acceleration in output growth and sustained job creation,” Markit economist Oliver Kolodseike said.
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