The indicator fell from 53.4 points in the previous month to 49.4, with the uplifting of the market research institution Markit on Friday in London. Economists had only expected a decline to 51.5 points.
This is a record low. However, the indicator is collected only in February 2017. A value below 50 points indicates a decline in economic activity.
Stronger-than-expected deterioration in the sentiment of the industry. Here is the indicator of 51.9 points fell in the previous month to 50.8 counter. Expected a decline to 51.5 points had been. With Stock Selection in Europe, you will achieve excess Returns with System! (Partner offer) Now 30 days free of charge test!
Weak indicators spook Dax-investors
The data suggest, according to IHS, Markit, to a significant slowdown of economic growth in February. Chief economist Chris Wiliamson looks but also signs of hope: “The February survey, however, showed also a remarkable improvement in business sentiment for the coming year, reflecting the widespread optimism that the current slowdown as short-lived will be.” DAX 13.579,33 PTS. -84,67 (-0,62%) Xetra
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The Dax fell after the announcement of the readings on a new tags deep at 13,500,23 points. Finally, the leading index of the German stock market still traded 0.91 percent lower at 13.539,24 meters. To be had the start of trading, the Index listed over 13,600 points. Also, the US stock markets rose for the hour is significantly lower.
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/Reuters
