Arab Today, arab today german industry sinks in global downturn
Last Updated : GMT 22:03:31
Arab Today, arab today
Arab Today, arab today

German industry sinks in global downturn

Arab Today, arab today

Arab Today, arab today German industry sinks in global downturn

Berlin - DW

German manufacturing activity slumped to a three-year low in July, dragged down by uncertainty over the eurozone and slowing global demand. Analysts say the pace of industrial decline is the fastest since 2009. The Purchasing Managers Index (PMI) for Germany fell to 43 points in July, down from 45 points in the month before, reflecting \"the most dramatic downturn of German industry in a single month,\" the Markit research group said on Wednesday. The PMI is a monthly barometer of economic activity, compiled by the London-based market research firm from surveys of 3,000 eurozone manufacturers, including 500 in Germany. A score below the 50-point mark indicates economic contraction. \"Not just production [in Germany] slumped to a three-year low in July, but industrial jobs, too, were reduced at a pace unseen since 2010,\" Markit economist Tim Moore told the Reuters news agency. In addition, Markit pointed out that new orders for German industry had slumped for 13 consecutive months now, which was \"the longest stretch of declining factory orders in Germany\" since the PMI was first compiled in 1996. Markit attributed the German PMI drop to lower demand from Asia and the United States, where companies were \"increasingly reluctant\" to invest in new machines in view of a slowing global economy. However, cost pressures in July had eased, Markit said, as commodity prices had slumped at the fastest pace since 2009. Alongside Germany, eurozone countries France, Spain and Greece stood out in seeing \"particularly disappointing\" PMI readings, Markit said. In July, the PMI for the whole of the eurozone dropped to 44.0 points from 45.1 points in June. This constituted the 12th consecutive month of industrial decline in the common currency area, to hit a 37-month low, Markit said. \"The eurozone faces a deepening slide back into recession,\" Markit chief economist Chris Williamson told a news conference Wednesday.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today german industry sinks in global downturn Arab Today, arab today german industry sinks in global downturn

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Rebel supporters flood Yemen streets

GMT 06:39 2017 Monday ,27 March

Rebel supporters flood Yemen streets
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today Trump to roll back Obama clean power plan

GMT 11:10 2017 Monday ,27 March

Trump to roll back Obama clean power plan
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Uber grounds self-driving cars

GMT 09:11 2017 Monday ,27 March

Uber grounds self-driving cars
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Nermein Al Fekki films “Foxes in the Valley”

GMT 09:58 2017 Saturday ,25 March

Nermein Al Fekki films “Foxes in the Valley”
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 20:03 2017 Saturday ,25 March

Health expert warns from dust sensitivity

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday