Germany sees output growth
A RISE in output helped German manufacturing activity expand for the second month running in November, driving an increase in private sector growth in Europe’s largest economy, a survey showed yesterday.
A flash estimate of the Markit composite purchasing managers’ index (PMI), which surveys the services and manufacturing sectors, showed growth for the fourth month running with a reading of 53.5, up from 52.3 in October.
A reading of 50 marks the threshold separating growth from contraction.