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IHS Markit's final Purchasing Managers' Index (PMI) for manufacturing, which accounts for about a fifth of the economy, rose to 52.2 in August, crossing the 50 mark that separates growth from contraction for the second time in 20 months. Phil Smith, principal economist at IHS Markit, said the recovery was not widespread as some German manufacturers were still struggling with weak demand.
Continue reading German manufacturing recovery remains on track in August
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German manufacturing recovery remains on track in August
