German PMI at the lukewarm 51 while French show more enthusiasm


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.

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Oliver I. Kjeldsen

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