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German Economy Faces Coronavirus Hit as Export Orders Sink

Friday, 21 February 2020 15:45 WIB Ekonomi Jerman German Flash Manufacturing PMI

Germany's economy is facing renewed pressure from beyond its borders as export orders plunge and manufacturers worry about the impact of the coronavirus outbreak on their supply chains. The latest purchasing managers index from IHS Markit shows industry still in a contraction, and expectations for output over the next 12 months dropping. Overall economic momentum was broadly unchanged from January, signaling that domestic demand remains in reasonable shape. Services still slowed though, in part due to weaker tourist numbers. The report illustrates the uncertain outlook for growth in the 19-nation euro area, potentially extending its protracted slowdown. Manufacturers in both Germany and...

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