Economics
German Economy Largely Unfazed by Market Volatility, Markit Says
An employee secures electrical cables into a Porsche 911 in Stuttgart, Germany.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
German manufacturers and service providers shrugged off uncertainty stemming from turbulence in financial markets as new orders increased, Markit Economics said.
While a Purchasing Managers’ Index for both industries fell to 54.5 in January from 55.5 in December, the weakest in three months, it still signaled “robust” growth, the London-based company said on Friday. A reading above 50 indicates expansion.