Berlin (APA / Reuters) – The German economy has not received as little as in November as it is in almost four years. PMI submitted for business and service providers down 1.2 points to 52.2, according to the IHS Institute Mark Friday for its monthly review of hundreds of companies. Reuters did not seem to have a smaller decline to 53.2 meters.
The data kept downloading in November, which was & # 39; indicates that "the largest economy in Eurozone has again lost a huge deal," said economist Market, Phil Smith. The top pressure was above the 50-point growth threshold.
Above, the weakness of the export markets provided a loop. "The exports that fall to China, Italy and Turkey have been most damaging the export of a new business in almost six years," said Smith. The service providers also suffered from increasing demand in overseas.
The productive PMI fell incredibly with 0.6 to 51.6 points. That's the worst value in just over two and a half years. The percentage fell for service providers 1.4 to 53.3 points. Overall, the construction process slower down slowly and the company's business vision was increasingly declining. The reason for this is the geo-regulatory problems, the weakness industry and the falling demand.