Industrial activity in Germany has the lowest level since July 2009 achieved. The German purchasing managers index fell for the second consecutive month and stood at 47.9. A month earlier was still 49.1.
This is evident from the first estimates by research firm Markit, which were announced today. Was previously estimated that the index of 48.5 was released.
A stand of 50 or greater indicates growth, below there is shrinkage.
Machine Builders
The order intake of the German manufacturers of machine tools rose in the third quarter by 29 percent, according to figures from industry association VDW. This message Metal News.
The first months of this year, the demand by 74 percent, compared with a year earlier.
“The order growth for the current year remains excellent, said VDW director Wilfried Schäfer on the occasion of the figures.
The dynamics took over the first two quarters are off. Also, the expectations arising from the European debt crisis downwards.