(Photo: dpa)
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In the German economy, a trend in June, increasingly, turning, after growth slumped in the beginning of the second quarter, with a record rate. The Collection index for the production in the private sector Industry and service providers together – rose to 45.8 counter from 32.3 in the previous month, such as the IHS, Markit Institute announced in the Wake of the first publication. Above 50 meters the barometer indicates growth, below it indicates contraction.
The The purchasing managers ‘ index in the manufacturing sector rose more than expected to 44.6 counter from 36.6 in the previous month. Economists had forecast the index to rise to 41.0. The Index for the service sector climbed more than expected to 45.8 points, from 32.6 in the previous month. Economists had only expected an increase to 40.2.
- “The German economy is struggling with all the power out of the bottom of the valley,” commented IHS-Markit Economist Phil Smith.
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