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German Factory Output Jumps
German Factory Output Jumps

German Factory Output Jumps

German Factory Output Jumps

German manufacturing growth reached its highest in almost three years in December, driven by rising demand from Asia and the United States, a survey showed on Monday, suggesting the sector will contribute to an expansion in the fourth quarter, Reuters reported. Markit’s purchasing managers’ index for manufacturing, which accounts for about a fifth of the economy, rose to 55.6 from 54.3 in November to reach its highest level in 35 months. That was slightly above a flash reading and well above the 50 line that separates growth from contraction.

 

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