Economic activity in German industry increased in July. That is clear from definitive figures from the British market researcher Markit. At a provisional figure, there was no shrinkage, but there was no growth to report.
The Purchasing Manager Index for the German industry reached a stand of 51. A figure above 50 indicates an increase in activity, below which there is a decrease. At the provisional figure the index was at the neutral position 50.
French industry showed a little more growth than expected: 52.4 against the 52 forecast by economists. The figures for Spanish and Italian industry were also better than expected with stocks of 53.5 and 51.9 respectively.