Markit's Purchasing Managers' Index (PMI) for
the German manufacturing sector fell to 52.0 in June from 52.3
The reading for the sector, which accounts for about a fifth of
all economic activity in Germany, was above the 50 line that
separates growth from contraction for the 12th straight month,
although it was below an initial reading of 52.4.
"June's survey results point to slower growth in Germany's
goods-producing sector," said Markit economist Oliver Kolodseike.
"Client demand from foreign markets rose to the weakest extent
in the current spell of growth, suggesting that a relatively
strong euro is acting as a drag on stronger export growth and
may continue to do so in coming months."
New orders growth was the weakest since July 2013, while output
increased at the slowest rate since September last year.
(Reporting by Annika Breidthardt; Editing by Hugh Lawson)
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