Economics
Germany Pulls Out of Deep Slump With First Growth in Months
Employees operate production cradles at a factory in Stuttgart.
Photographer: Alex Kraus/BloombergThis article is for subscribers only.
Germany took a step forward in its recovery from the coronavirus slump, with a key measure of activity showing growth for the first time in five months.
IHS Markit’s composite Purchasing Managers Index jumped to 55.5 in July from 47 in June. The figure was better than economists had predicted, and puts the gauge above the key 50 level that divides expansion from contraction.