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German Manufacturing PMI falls to 17-month low, signalling downturn
The seasonally adjusted final Markit/BME Germany Manufacturing Purchasing Managers’ Index ® (PMI ® ) – a single - figure snapshot of the performance of the manufacturing economy – fell from 51.4 in October to a 17 - month low of 49.5 in November, signalling contraction in Germany’s goods - producing sector. The headline PMI is now seven points lower than at the beginning of the year and remained below its long - run average of 51.9 . The headline index reading followed an earlier ‘flash’ estimate of 5 0.0 . Production growth at German manufacturers slowed to only a marginal pace in November, with com ... (full story)