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Markit Economics released its final manufacturing purchasing managers' index (PMI) for Germany on Thursday. Germany's final manufacturing purchasing managers' index (PMI) fell to 52.3 in September from 53.3 in August, down from a preliminary reading of 52.5.
The decline was driven by a fall in input prices.
"Germany's manufacturing sector lost some of its growth momentum in September, with the headline PMI down slightly since August. Nevertheless, the average for the third quarter as a whole was the best in over a year, suggesting that the goods-producing sector should have a positive contribution to overall GDP in Q3," Markit economist Oliver Kolodseike said.
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