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German Manufacturing Declines Again, New Export Orders Fall at Fastest Pace Since April 2009

by Mike Shedlock
MISH’S Global Economic Trend Analysis

The Markit Germany Manufacturing PMI® – Final Data shows the German export downturn gathers momentum.

Key points:

Manufacturing PMI rises from July’s 37-month low
Output, new orders and employment all drop at slower rates…
…but export downturn continues to gather pace

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