German manufacturing contracted further in March, a survey showed on Friday, com...
BERLIN - German manufacturing contracted further in March, a survey showed on Friday, compounding fears that unresolved trade disputes are exacerbating a slowdown in Europe’s biggest economy.
IHS Markit’s flash composite Purchasing Managers’ Index measuring activity in services and manufacturing, which together account for more than two-thirds of the economy, fell to 51.5, it lowest reading since June 2013. Williamson said manufacturing contracted 1 percent in the first quarter, compared with a 1.7 percent expansion in services. That suggested the economy grew by 0.2 percent in the first quarter, he said.
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