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Germany's PMI Rises To 51.4

Nov 3, 2014, 14:37 IST

Germany's manufacturing PMI rose to 51.4 in October from a 15-month low of 49.9 September.

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Markit's Purchasing Managers' Index is a commonly used survey to measure overall business conditions before officials stats come out.

Any figure above 50 indicates the sector is growing.

Here are the key points from Markit:

  • Production growth accelerates despite marginal decline in new orders
  • Rate of job creation hits 33-month high
  • Input costs decline at sharpest rate since April

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