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Germany Still Waiting For The Manufacturing Upswing

From mninews.marketnews.com

Growth in Germany's manufacturing sector remains sluggish despite buoyant consumers as companies still seem uncertain whether the roots of the upswing will take hold. Although Markit Economics' PMI reading for Germany chalked up a third consecutive increase in February, rising to 51.1 from a January tally of 50.9, the marginal increase highlighted the slow pace of recovery in Europe's largest economy. The situation contrasts conspicuously with sentiment among German consumers who are on an unprecedented buying spree thanks to a boost to their disposable incomes from falling energy prices, higher real wages and record ... (full story)

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