Germany's export-dependent manufacturing sector contracted at a slower pace...
FILE PHOTO: Employees of German car manufacturer Porsche work on a Porsche 911 at the Porsche factory in Stuttgart-Zuffenhausen, Germany, February 19, 2019. REUTERS/Ralph Orlowski/File Photo
IHS Markit’s Purchasing Managers’ Index for manufacturing, which accounts for about a fifth of the economy, rose slightly for the second consecutive month to a five-month high reading of 44.1. “There are encouraging signs from the survey’s more forward-looking indicators, with new orders falling at the slowest rate since January and output expectations back in positive territory - albeit only just,” said Phil Smith, principle economist at IHS Markit.
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