BERLIN, April 23 — Germany’s private sector recession deepened in April as services and manufacturing suffered record falls in output due to the coronavirus outbreak and measures to contain it, a survey showed today. IHS Markit’s flash composite Purchasing Managers’ Index (PMI), which...
Thursday, 23 Apr 2020 03:39 PM MYT
IHS Markit’s flash composite Purchasing Managers’ Index , which tracks the manufacturing and services sectors that together account for more than two-thirds of the economy, plunged to 17.1 from 35.0 the previous month. “Compared to a low of 36.3 during the financial crisis, the headline PMI’s reading of 17.1 paints a shocking picture of the pandemic’s impact on businesses,” Smith said.
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