Markit Economics today released the October Final manufacturing purchasing managers’ index for Germany. The PMI is designed to provide a single snap-shot of German industry. Anything above 50 indicates expansion; below 50, a contraction. The greater the divergence from 50, the greater the rate of change.
================================================================================ Oct. Flash Sept. Aug. July June May 2011 PMI 2011 2011 2011 2011 2011 ================================================================================ Manufacturing PMI 49.1 48.9 50.3 50.9 52.0 54.6 57.7 ================================================================================ NOTE: The PMI series, is one of the most closely watched business surveys in the world. It provides up-to-date, accurate and often unique monthly indicators of economic trends. Source: BME, Markit Economics