• german industrial sector news

Germany Cannot Save Everyone

April 02, 2013 / by / 0 Comment
  • SumoMe

According to Austria’s Wirstchaftsblatt, Germany is not able to save Europe’s industrial sector either as European countries continue to lose ground. The Purchasing Manager Index (PMI) fell by 1.1 points to 46.8 points in March 2013, related the Markit-Institut in Berlin on Wednesday.

The German industrial sector was also affected this time around, losing 1.3 points and falling to 49 points. “The primary reason for this development were the lighter than usual order books”, claimed Tim Moore, economist at Markit.

A silver lining for companies were lower purchase prices, which fell once again. “Higher costs for energy and fuel were there over-compensated by lower raw material costs”, so Markit.


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Dom Einhorn is a proud Alsatian interested in a wide variety of subject matter, from literature and politics to science and sports. He speaks 5 languages fluently and calls both Wyoming and France "home." Dom is also a trivia fanatic and the editor of MastersOfTrivia.com.