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German manufacturing activity slowed slightly in October

FXStreet (Mumbai) - The Markit German PMI released today showed the growth in the manufacturing activity slowed down slightly in October due to a slowdown in production and employment growth.

The final seasonally adjusted Markit/BME Germany Manufacturing Purchasing Managers’ Index (PMI) fell slightly from September’s 52.3 to a three-month low of 52.1 in October.

The detail revealed the new export orders increased during the month with the first rise in stocks of finished goods in a year. Companies were encouraged to add to their payrolls at the start of the fourth quarter. Input prices fell substantially on account of a drop in energy and oil prices and the factory gate prices also fell further during the month, albeit only slightly.

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