German manufacturing activity decreases in July - Breaking The News

German manufacturing activity decreases in July

1 August

1 min read

EPA / UWE ANSPACH

German manufacturing PMI decreased in July compared to last month's level, IHS Markit reported on Tuesday. The Markit Manufacturing Purchasing Managers' Index (PMI) in Germany declined to 58.1 from 59.6 recorded in June.

The growth in the manufacturing sector eased to the slowest pace since January. "The German manufacturing sector finally gave up some momentum in July, with the PMI easing to a five-month low of 58.1. This was still indicative of marked overall growth, however, with rates of expansion for output, new orders and jobs remaining historically sharp.," Trevor Balchin, senior economist at IHS Markit said.

"The recent strength of the PMI was corroborated by official data in May which saw manufacturing output growth accelerate to 4.9% yr/yr. IHS Markit is currently forecasting overall industrial output to rise by 3.5% in 2017," Balchin added.

PMI Markit data germany manufacturing economic data

Italy's trade surplus at €4.5 billion in February

18 April

Italy's trade surplus stood at €4.5 billion in February, up from a deficit of €264 million registered in January, the country's National Institute of Statistics (Istat) revealed in a report on Friday.Month on month, exports jumped 3.5%, while imports increased 1.7%. Exports to the European Union countries were up by 3.7%, and to the non-EU countries by 3.2%. Meanwhile, imports from the EU and non-EU countries grew 2.4% and 0.8%, respectively.There was a trade...

Baker Hughes: US oil rig count up by one to 481

17 April

The number of oil rigs in the United States reached 481 in the week ending April 17, rising by one from the previous week, according to the Baker Hughes weekly rig count released on Thursday. The rig count fell by 30 on an annual basis.The country's gas rig count increased by one to 98 in the reported week, dropping by eight from the same period in the previous year. The total number of rigs in the US stood at 585, down by two from the previous week and by...

EIA: US natural gas inventories up by 16 Bcf

17 April

Working gas storage across the United States observed a weekly rise of 16 billion cubic feet (Bcf) to reach 1,846 Bcf in the week ending April 11, the Energy Information Administration (EIA) revealed in its report published on Thursday.The stocks declined by 480 Bcf compared to the same period a year ago and remained 74 Bcf below the five-year average of 1,920 Bcf. Total working gas was within the five-year historical range.

US housing starts drop 11.4% in March

17 April

Housing starts in the United States stood at 1,324,000 in March, falling by 11.4% compared to the previous month, the US Census Bureau revealed in its report on Thursday. Year-on-year, the figure rose by 1.9%. Single-family housing starts reached 940,000, dropping by 14.2% on a monthly basis.Building permits rose by 1.6% in March compared to the revised February rate to stand at 1,482,000, but were 0.2% lower than in March 2024. Single-family...

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.