business
Monday 04 May 2015
Two sides of a weak euro: The German export numbers are increasing, but imports of raw materials will be more expensive. The industry sets in April in terms of their growth a breather.
The German industry has slightly cut back their growth at the beginning of the second quarter. The purchasing managers’ index fell in April by 0.7 to 52.1 points, as the Markit Institute announced to his survey. The barometer remained above the mark of 50 points, from which it signaled growth. “The German industrial engine has downshifted a gear in April,” said Markit economist Oliver Kolodseike. Nevertheless, the value lie on the second highest level of the past nine months,
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The weak euro -. Of about a fifth of its value to within a year US has lost dollars – influenced the development in two ways. “On one hand, drove the rate depreciation, export figures continue into the air by customers in other European countries the discounted export goods”, Kolodseike said. “On the other hand, more expensive imports of raw materials and other goods, so that the purchase prices increased in total for the first time since January 2014.”
The company increased production and worked from its order backlog. Even with the new orders, an increase was measured. Here, however, the growth rate fell rather small.
Source: n-tv.de
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