FOREX TradingCharts.com

Financial News: German Private Sector Growth Weakest In Nearly 6

German Private Sector Growth Weakest In Nearly 6 Years

03/22/2019 - 10:41:00 (RTTNews)

(RTTNews) - Germany's private sector grew at its slowest pace in nearly six years, led by a sharp decline in manufacturing, flash data from IHS Markit revealed on Friday.

The composite output index fell to a 69-month low of 51.5 in March from 52.8 in February. Economists had forecast a rise of 52.7.

Any reading above 50 indicates an expansion in the sector.

The flash services Purchasing Managers' Index dropped to 54.9 in March from 55.3 in February. Economists had expected the index to ease to 54.8.

The flash manufacturing PMI dropped more-than-expected to 44.7 in March from 47.6 In February. The reading was the lowest in six-and-a-half years. Economists had forecast the reading to rise 48.0.

Manufacturing output PMI also fell to a 79-month low of 45.0 in March to 47.9 in February.

A slump in new export orders led the sharp contraction in manufacturing order books. Export demand fell at the quickest pace since August 2012.

Delayed decision-making among clients due to uncertainty, as well as weaker demand in the automotive sector contributed to the fall in demand.

"The first decrease in factory employment for three years is perhaps a warning sign for the health of domestic demand, with overall job creation now running at its lowest since May 2016", Phil Smith, Principal Economist at IHS Markit, said.

Degree of optimism among service providers eased since February, while manufacturing sentiment sunk further into negative territory to the weakest since late-2012, the survey found.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


New Zealand Credit Card Spending Data Due On Tuesday (04 hr(s), 26 min(s), 26 sec(s) ago)
(RTTNews) - New Zealand will on Tuesday release March numbers for credit card spending, highlighti ...Full Story»

U.S. Existing Home Sales Pull Back More Than Expected In March (12 hr(s), 06 min(s), 26 sec(s) ago)
(RTTNews) - A report released by the National Association of Realtors on Monday showed a significa ...Full Story»

Taiwan Jobless Rate Falls Slightly In March (15 hr(s), 05 min(s), 26 sec(s) ago)
(RTTNews) - Taiwan's unemployment rate fell slightly in Mach, the Directorate General of Budge ...Full Story»

Turkey Consumer Confidence At 8-Month High (15 hr(s), 08 min(s), 26 sec(s) ago)
(RTTNews) - Turkey consumer confidence rose to the highest pace in eight months in April, figures ...Full Story»

Estonia Producer Price Inflation Slows In March (15 hr(s), 10 min(s), 26 sec(s) ago)
(RTTNews) - Estonia's producer price inflation slowed in March, data from Statistics Estonia s ...Full Story»

Japan Convenience Store Sales Data Due On Monday (04 hr(s), 23 min(s), 26 sec(s) ago)
(RTTNews) - Japan will on Monday see convenience store sales data for March, highlighting a light ...Full Story»

U.S. Housing Starts Unexpectedly Dip 0.3% In March (13 hr(s), 37 min(s), 26 sec(s) ago)
(RTTNews) - A report released by the Commerce Department on Friday unexpectedly showed a modest de ...Full Story»

Japan Overall Inflation +0.5% On Year In March (02 hr(s), 46 min(s), 26 sec(s) ago)
(RTTNews) - Overall nationwide consumer prices in Japan were up 0.5 percent on year in March, the ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

New Zealand Credit Card Spending Data Due On Tuesday

04/22/2019 - 18:00 PM (RTTNews)
(RTTNews) - New Zealand will on Tuesday release March numbers for credit card spending, highlighti ...Full Story>>

U.S. Existing Home Sales Pull Back More Than Expected In March

04/22/2019 - 10:20 AM (RTTNews)
(RTTNews) - A report released by the National Association of Realtors on Monday showed a significa ...Full Story>>

Taiwan Jobless Rate Falls Slightly In March

04/22/2019 - 07:21 AM (RTTNews)
(RTTNews) - Taiwan's unemployment rate fell slightly in Mach, the Directorate General of Budge ...Full Story>>

Turkey Consumer Confidence At 8-Month High

04/22/2019 - 07:18 AM (RTTNews)
(RTTNews) - Turkey consumer confidence rose to the highest pace in eight months in April, figures ...Full Story>>

Estonia Producer Price Inflation Slows In March

04/22/2019 - 07:16 AM (RTTNews)
(RTTNews) - Estonia's producer price inflation slowed in March, data from Statistics Estonia s ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.