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Germany: PMI Manufacturing slides to 46 in December

By FXstreet.com,  January 02, 2013, 04:01:00 AM EDT

FXstreet.com (Barcelona) - German PMI Manufacturing decreased to 46 points in December, from 46.8 points in November, according to data released today by Markit. This result is below market consensus of 46.3 points.

According to Tim Moore, senior economist at Markit : "The German manufacturing sector is finding it increasingly difficult to maintain output volumes close to those seen during the peak of the recovery period. The struggle to consolidate the impressive gains seen over the past few years appears to have intensified during the winter of 2012, with December PMI data showing further falls in production and new business levels."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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