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Monthly Industry Forecasts > Engineering and metal goods

  • October 2013
  • -
  • Oxford Economics
  • -
  • 3 pages

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German sector production advanced 1.3% in August, but the 3mma trend is fairly flat (though orders have rebounded a bit more strongly), illustrating the fragility of the industrial recovery in Europe. This pattern is evident to varying degrees in France, Italy and Spain as well. The UK manufacturing PMI remains near 2 1/2 -year highs, but engineering production only advanced 0.4% in August and remains 7.7% below year-ago levels, indicating that nearterm manufacturing strength lies outside the engineering sector.

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