German flash manufacturing PMI hits 33-month lows of 51.5 in Dec

German business activity grew at the weakest pace in thirty-three months this month, the latest manufacturing activity report from IHS/Markit research showed.

German manufacturing purchasing managers index (PMI) dropped in December, arriving at 51.5 while services PMI fell to seven-month lows of 52.5 versus 53.3 last.

The IHS Markit Flash Germany Composite Output Index hit forty-eight-month lows at 52.2 in December, from November’s 52.3.