{"id":43334,"date":"2013-10-24T07:07:44","date_gmt":"2013-10-24T11:07:44","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=43334"},"modified":"2013-10-24T07:07:44","modified_gmt":"2013-10-24T11:07:44","slug":"germany-pmi-expands-for-the-fourth-month","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/10\/24\/germany-pmi-expands-for-the-fourth-month\/","title":{"rendered":"Germany PMI Expands For The Fourth Month"},"content":{"rendered":"

By HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n

Activity in Germany\u2019s manufacturing sector edged up in October, expanding for the fourth time in a row, while the country\u2019s service sector expanded for the fifth month on a row, the flash data showed on Thursday.<\/p>\n

The Purchasing Managers\u2019 Index (PMI) for Germany\u2019s manufacturing sector advanced to 51.5 points higher in October, rising from September\u2019s final reading of 51.1, the premilinary reading from Markit Economics confirmed. Analysts forecasted an estimated figure of 51.4.<\/p>\n

Meanwhile the German services sector, the flash reading edged 52.3 lower in October, down from 53.7 in September.<\/span><\/p>\n

“Germany\u2019s private sector started the final quarter of 2013 in a positive fashion as manufacturing and service sector output levels both increased from those seen during September. A slower rate of expansion in services activity meant that overall growth eased slightly from the trend recorded over the third quarter”, Tim Moore, senior economist at Markit and the author of the report said.<\/p>\n

“However, the stronger manufacturing outturn during October is a signal that the Germany\u2019s resilient economic performance has continued this autumn, while sustained gains in new orders suggest that private sector companies will remain on a growth footing in the months ahead”, Moore added.<\/p>\n

Germany PMI – Germany\u2019s Economy<\/span><\/h2>\n

Germany\u2019s second quarter gross domestic product (GBP) showed an expansion of 0.7%, above the forecasted expansion of 0.6% made by analysts.<\/p>\n

Last year, Germany\u2019s GDP grew by 0.9% in the second quarter, above the 1.6% drop reported in the first quarter.<\/p>\n

Germany makes-up approximately 27% of the whole Eurozone\u2019s GDP. Germany has the second-lowest unemployment rate in the Eurozone, standing at 5.2% in August.<\/p>\n

The ZEW Economic Sentiment for October climbed above the forecasted reading of 49.6 made by analysts, standing at 52.8 points.<\/p>\n

Meanwhile Germany\u2019s German Inflation data released earlier this month revealed that consumer prices in Germany advanced by 1.4% in September.<\/strong><\/p>\n

 <\/p>\n

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The post Germany PMI Expands For The Fourth Month<\/a> appeared first on | HY Markets Official blog<\/a>.<\/p>\n

Article provided by HY Markets Forex Blog<\/a><\/u><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

By HY Markets Forex Blog Activity in Germany\u2019s manufacturing sector edged up in October, expanding for the fourth time in a row, while the country\u2019s service sector expanded for the fifth month on a row, the flash data showed on Thursday. The Purchasing Managers\u2019 Index (PMI) for Germany\u2019s manufacturing sector advanced to 51.5 points higher … <\/p>\n

Continue reading “Germany PMI Expands For The Fourth Month”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-43334","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/43334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=43334"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/43334\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=43334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=43334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=43334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}