A Man-made Tsunami Hits Germany’s Industrial Economy
The Purchasing Managers’ Index (Markit PMI/S&P Global) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector, below indicates contraction. The PMI for Germany has been below 50, with ups and downs, for the last twelve months. Now, data released at the beginning of December are even worse than the […]
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