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August 22, 201916.59 Germany's composite SME index rises from expectations in August (from 50.9 points in July to 51.4), but growth is not considered by analysts to drive away the specter of recession. That remains the risk that in the third quarter the largest economy in the euro zone could fall into technical recession. The Ihs Markit index on manufacturing rose to 43.6 from 43.2 points in July, but a year ago it was at 55.9. The SME services instead stood at 54.4 points, like a year ago, and the data on new orders is negative.Germany, SME goes up but risks recession
2019-08-22T15:10:59.378Z
16.59 Germany's composite SME index rises from expectations in August (from 50.9 points in July to 51.4) but growth is not considered by analysts to drive away the specter of recession. That remains the risk that in the third quarter the largest economy in the euro zone could fall into technical recession. The Ihs Markit index on manufacturing rose to 43.6 from 43.2 points in July, but a year ago it was at 55.9. The SME services instead stood at 54.4 points, like a year ago, and the data on new orders is negative.
Source: rainews