Germany Manufacturing PMI Rose: Is Investor Confidence Rising?
Germany Manufacturing PMI in April
According to data provided by Markit Economics, the Germany Manufacturing PMI (Purchasing Managers’ Index) stood at 58.2 in April 2017 compared to 58.3 in March. That met the preliminary estimate of 58.2.
The April report was marginally lower than March. However, it was the strongest rise year-over-year since May 2011 and has been showing a gradual improvement since April 2016.
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The April Germany Manufacturing PMI included the following:
- Production output and new orders increased at a stronger rate.
- Export orders improved at a higher rate in April than in March.
- Employment in the manufacturing sector grew sharply in April.
- Input costs rose at a higher rate in April.
Performance of various ETFs
In the next part of this series, we’ll look at the manufacturing PMI for the Eurozone in April 2017.