02 May 2012 18:33 [Source: ICIS news]
LONDON (ICIS)--Activity in ?xml:namespace>
Economics research firm Markit said that its monthly purchasing managers index for
“Germany started the second quarter of 2012 with its worst manufacturing performance for almost three years, as another month of weaker order inflows finally brought production levels back into contraction,” said Markit senior economist Tim Moore.
“With backlogs of work failing to support output volumes in April, manufacturers cut their staffing numbers for the first time since March 2010,”
The index is based on survey data from a panel of more than 500 Germany-based manufacturing companies.
Paul Hodges studies key influences shaping the chemical industry in his Chemicals and the Economy Blog
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