【are walleye bottom feeders】German manufacturing growth slows again in December - PMI
BERLIN (Reuters) - Growth in Germany's manufacturing sector slowed again in December as new orders fell at the fastest rate in four years,are walleye bottom feeders a survey showed on Wednesday.
Markit's Purchasing Managers' Index (PMI) for manufacturing, which accounts for about a fifth of the economy, fell to a 33-month low of 51.5 from 51.8 in November, edging closer to the 50.0 mark that separates growth from contraction.
It was the 11th time in 2018 that the manufacturing index fell, reflecting a sustained cooling of growth in Europe's largest economy, which shrank in the third quarter partly on one-off effects such as fewer car registrations as makers adapt to new pollution standards.
Germany is also facing headwinds from trade frictions between the United States and China and weaker demand from the euro zone.
"With things having got a little too hot at the end of 2017 a correction was inevitable, but the extent of the slowdown has been somewhat a surprise," said Phil Smith, principal economist at IHS Markit.
"The darkening global economic picture has had ramifications for Germany's outwardly focussed manufacturing sector over the course of 2018, while the sequence of headwinds in the car industry in the latter stages of the year has been a further restricting factor," said Smith.
He added that manufacturers were able to sustain output growth thanks to back orders.
(Writing by Joseph Nasr; Editing by Hugh Lawson)
View comments
(责任编辑:Exploration)
- ·eXp World Holdings Appoints Fee Gentry to Board of Directors
- ·Twitch's Top Streamer Made $10 Million in 2018
- ·BRIEF-Qingdao Hanhe Cable Says It Wins State Grid's Bids For A Combined 470 Million Yuan
- ·Mark Goldfinger Examines the Benefits of a Hybrid Investment Strategy
- ·Post-Pandemic Retirement Planning Strategy Book Launches on June 1, 2020
- ·Japan's January factory activity weakens to 29-month low as export orders tumble - PMI
- ·Brexit poses risk, but German economy poised for further growth: minister
- ·'Farewell to Facebook', bids Germany's retiring Merkel
- ·Teleste's financial reporting and Annual General Meeting in 2021
- ·What Type Of Shareholder Owns Great World Company Holdings Ltd’s (HKG:8003)?
- ·Unknown gunmen kill three in daylight in Afghan capital Kabul
- ·How Did Axel Springer SE’s (FRA:SPR) 16% ROE Fare Against The Industry?
- ·A robust US job market likely defied shutdown during January
- ·We're Hopeful That Datasea (NASDAQ:DTSS) Will Use Its Cash Wisely
- ·Euro zone yields rise as investors turn cautious on economic outlook
- ·What Can We Make Of REM Group (Holdings) Limited’s (HKG:1750) High Return On Capital?
- ·CSSE: CSSE Buys Remaining 25.1% of A+ at a $15 Million Valuation to Save $5 Million Per Year
- ·FloBeds Announces 20th Anniversary of Its Goldilocks Mattress
- ·Is Ivy Small Cap Growth Y (WSCYX) a Strong Mutual Fund Pick Right Now?
- ·Eversheds Partner Found Dead After Facing Behavior Complaint