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Markit Economics released its final manufacturing purchasing managers' index (PMI) for Germany on Tuesday. Germany's final Markit/BME manufacturing purchasing managers' index (PMI) fell to 50.5 in February from 52.3 in January, up from the preliminary reading of 50.2.
The index was driven by declines in all subindexes.
"It looks as if the German manufacturing engine has run out of steam, with the headline PMI falling to a 15- month low in February. Faced with weak domestic and foreign demand and slow production growth, manufacturers reduced their workforce numbers for the first time in one-and-a-half years," Markit economist Oliver Kolodseike said.
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