mercredi 1 avril 2015
Germany: PMI hits11-month high in March
Posted on 01:36 by nice news
German manufacturing companies reported a
further
improvement in operating conditions at the
end of the first quarter. This was highlighted by the
final
seasonally adjusted
Markit/BME Germany
Manufacturing Purchasing Managers’ Index
®
(PMI
®
)
–
a single
-
figure snapshot of the
performance of the manufacturing eco
nomy
–
remaining above the crucial 50.0 threshold. At 52.8
in March, up from 51.1 in February, the index
reading was indicative of the most marked
improvement since April 2014.
The improvement in the headline PMI was driven by
a sharp rise in
production
i
n March, with the rate of
expansion the strongest in nearly one year. Sector
data suggested that investment and consumer
goods producers signalled sharper expansions in
output than intermediate goods manufacturers.
The amount of
new orders
received by Germ
an
manufacturers also increased at an accelerated rate
in March. Survey participants commented that an
improving economic environment and stronger
demand from both domestic and foreign markets
accounted for much of the rise in total new orders.
Where compa
nies noted an increase in
new export
business
, they partly linked this to the weak euro.
Higher production requirements and increased order
intakes encouraged German manufacturers to
increase their
payroll numbers
further in March.
The rate of job creation
remained relatively muted,
however, despite reaching a three
-
month high.
Meanwhile,
backlogs of work
accumulated for the
second successive month, signalling ongoing
pressure on operating capacity in the sector.
Input costs
continued to fall in March, but
the rate
of reduction was much weaker than in February and
only marginal overall. While low oil prices remained
the main drag on inflation, increased import costs
(resulting from a weak euro) exerted some upward
pressure on input prices. Moreover, companie
s
raised
further
improvement in operating conditions at the
end of the first quarter. This was highlighted by the
final
seasonally adjusted
Markit/BME Germany
Manufacturing Purchasing Managers’ Index
®
(PMI
®
)
–
a single
-
figure snapshot of the
performance of the manufacturing eco
nomy
–
remaining above the crucial 50.0 threshold. At 52.8
in March, up from 51.1 in February, the index
reading was indicative of the most marked
improvement since April 2014.
The improvement in the headline PMI was driven by
a sharp rise in
production
i
n March, with the rate of
expansion the strongest in nearly one year. Sector
data suggested that investment and consumer
goods producers signalled sharper expansions in
output than intermediate goods manufacturers.
The amount of
new orders
received by Germ
an
manufacturers also increased at an accelerated rate
in March. Survey participants commented that an
improving economic environment and stronger
demand from both domestic and foreign markets
accounted for much of the rise in total new orders.
Where compa
nies noted an increase in
new export
business
, they partly linked this to the weak euro.
Higher production requirements and increased order
intakes encouraged German manufacturers to
increase their
payroll numbers
further in March.
The rate of job creation
remained relatively muted,
however, despite reaching a three
-
month high.
Meanwhile,
backlogs of work
accumulated for the
second successive month, signalling ongoing
pressure on operating capacity in the sector.
Input costs
continued to fall in March, but
the rate
of reduction was much weaker than in February and
only marginal overall. While low oil prices remained
the main drag on inflation, increased import costs
(resulting from a weak euro) exerted some upward
pressure on input prices. Moreover, companie
s
raised
Germany: PMI hits11-month high in March
Categories: Germany: PMI hits11-month high in March
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