Wpid Money Growth
growth

dpa/GNA – Germany’s private sector growth accelerated in March driven by a record expansion in manufacturing, flash data from IHS Markit showed on Wednesday.

The flash composite output index rose to a 37-month high of 56.8 from 51.1 in February. The reading was well above economists’ forecast of 51.6.

The result was driven by improved performances across both manufacturing and services.

The services Purchasing Managers’ Index came in at 50.8 versus 45.7 in the prior month. The expected reading was 46.2.

The manufacturing PMI advanced to 66.6 from 60.7 in the previous month and well above forecast of 60.8. The latest score was the highest since April 1996.

The survey hinted at the prospect of a better-than-expected economic performance in the first quarter, Phil Smith, an associate director at IHS Markit said.

Disclaimer: News Ghana is not responsible for the reportage or opinions of contributors published on the website.

Send your news stories to [email protected] and via WhatsApp on +1-508-812-0505 

Previous articlePutin gets coronavirus vaccine jab, but won’t let the cameras see
Next articleIsrael strikes Gaza Strip after rocket attack
The Ghana news Agency (GNA) was established on March 5, 1957, i.e. on the eve of Ghana's independence and charged with the "dissemination of truthful unbiased news". It was the first news agency to be established in Sub-Saharan Africa. GNA was part of a comprehensive communication policy that sought to harness the information arm of the state to build a viable, united and cohesive nation-state. GNA has therefore been operating in the unique role of mobilizing the citizens for nation building, economic and social development, national unity and integration.

LEAVE A REPLY

Please enter your comment!
Please enter your name here