Economic Buzz: German Private Sector Rebounds In January

24 Jan 2022 , 02:30 PM

Germanys private sector rebounded to 54.3 in January from 49.9 in December, led by a stronger performance from the manufacturing sector, flash survey results from IHS Markit showed on Monday. The score was forecast to fall to 49.2. A score above 50 indicates expansion. The upturn was led by the manufacturing sector, which recorded its strongest performance on the production front for five months as the incidence of lengthening lead times on inputs eased to the lowest since December 2020. The manufacturing Purchasing Managers Index improved to 60.5 in January from 57.4 in the previous month. The expected level was 57.0. At 52.2, the services PMI was up from 48.7 in December.

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