X
<

What January Manufacturing Reports Signal for Developed Markets

PART:
1 2 3 4 5 6 7 8 9
Part 4
What January Manufacturing Reports Signal for Developed Markets PART 4 OF 9

Inside the Germany Manufacturing PMI in January 2018

Germany Manufacturing PMI in January 2018

According to a report by Markit Economics, the Germany Manufacturing PMI showed improvement in January 2018. It stood at 61.1 compared to 63.3 in December 2017. It didn’t meet the preliminary market estimate of 61.2. The January PMI figure was marginally lower than its record high of 63.3 in December 2017.

Inside the Germany Manufacturing PMI in January 2018

Interested in EWG? Don't miss the next report.

Receive e-mail alerts for new research on EWG

Success! You are now receiving e-mail alerts for new research. A temporary password for your new Market Realist account has been sent to your e-mail address.

Success! has been added to your Ticker Alerts.

Success! has been added to your Ticker Alerts. Subscriptions can be managed in your user profile.

The Germany Manufacturing PMI in January 2018 was mainly due to the following:

  • Production volume and output rose at a weaker pace in January 2018.
  • New business orders and export orders improved at a slower pace in January 2018.
  • Employment in the manufacturing sector improved at a higher rate in January.

Performance of various ETFs in January

The iShares MSCI Germany ETF (EWG), which tracks the performance of Germany (DAX-INDEX), rose 6% in January 2018. The Vanguard FTSE Europe ETF (VGK), which tracks Europe’s (HEDJ) economic performance, rose 5.6% that month.

Weaker improvement in the Germany Manufacturing PMI compared to December 2017 is mainly due to rising uncertainty about the country’s political environment. However, the major indexes showed improved performances, mainly due to positive sentiment around the globe.

In the next part of this series, we’ll analyze the final Spain Manufacturing PMI for January 2018.

X

Please select a profession that best describes you: