Germany back to growth as December PMI raises hopes | Bangkok Post: news

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Germany back to growth as December PMI raises hopes

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Germany appeared set for a return to growth in December as wider eurozone business activity hit a nine-month high, a closely watched survey showed on Friday. 

Customers crowd in front of a shop in Berlin, Germany, on July 28, 2011. Germany appears set for a return to growth in December as wider eurozone business activity hits a nine-month high.

The Purchasing Managers Index (PMI) Composite Output Index, a leading indicator compiled by the Markit research firm, came in at an preliminary 47.2 points for December, slightly down from an earlier estimate of 47.3 points.

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