Mediafax (Mediafax)
Macroeconomics  |  July 24, 2012 16:05:11

The activity of the German private sector weakened in July


LONDON (MEDIAFAX) - German private sector activity in July, according to preliminary data by Markit dropped. Informed the agency on Tuesday said.

Preliminary seasonally adjusted composite Purchasing Managers Index (PMI), which charts the production of private sector in Germany in July fell to 47.3 points from 48.1 points in June. This is the strongest decline in the German private sector since June 2009.

German industry in July weakened more than the service sector. Pre-service sector PMI fell to 49.7 is a point from June's 49.9 points, got so low at ten. Preliminary industry PMI fell to 43.3 points from June's 45 points and went on to 37měsíčníminimum.

Tomáš Králíček, kralicek@mediafax.cz

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