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Why Germany’s Manufacturing PMI Fell in May

Why Germany’s Manufacturing PMI Fell in May

According to a report by Markit Economics, Germany’s final manufacturing PMI has been falling gradually since December 2017. It stood at 56.9 in May as compared to 58.1 in April. The PMI figure met the preliminary market estimate of 56.8. May’s Germany manufacturing PMI figure was the lowest expansion in manufacturing activity since February 2017.