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Economy

German PMI Shows Slight Economic Recovery

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By Douglas A. McIntyre Updated Published
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Markit issues its flash PMI for Germany and several other nations:

Marginal growth in output was recorded in the German private sector during June, but latest PMI data pointed to declining new orders and a second successive monthly fall in employment. The seasonally adjusted Markit Flash Germany Composite Output Index posted 50.9, up from the reading of 50.2 in May. Overall growth in output was largely reflective of higher activity in the service sector (51.3), while manufacturing production was
broadly unchanged (50.1).

The news from France was much worse:

Business activity in the French private sector fell at a slower pace in June. The Markit Flash France Composite Output Index, based on around 85%of normal monthly survey replies, rose for the third month running to 46.8, from 44.6 in May. The latest reading was the highest for ten months. Weaker falls in output were signalled by both manufacturers and service providers in June. In
the case of the former, the latest decline was the slowest in 16 months, while the latter registered the least marked drop in ten months.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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