Tuesday 1 February 2011, 10:05 clock print this article [-] Text [+] Berlin (Reuters) - The German industry is off to a flying start to the year, but feels more pressure on costs resulting from expensive commodities.
The purchase prices of the companies rose in January as strong as ever since the beginning of the Markit survey in April 1996 as the British Institute announced on Tuesday to its survey of 500 companies. Shortages of commodities had led to rising costs for many companies. As a result, had to raise a number of companies in turn prices.
Apart from the cost pressure, it is for the sector at present but the best. "The industry of Germany presented itself in early in brilliant shape," it said. The Markit Purchasing Managers Index BME compared to December fell slightly by 0.2 points to 60.5, but better than it was, according to preliminary calculations. The business situation has improved further, which shows itself in a significant increase in production, a high order levels and increasing employment. "Obviously, the slight dip in growth not only of last fall is over, finally, the industrial sector will thus remain the focal point of growth in Germany," said Markit expert Tim Moore. "With the high production demands and the points in the construction industry, a new peak in the nearly 15-year survey history has achieved."
From the increase in production mainly benefited the producers of capital goods, which increased their workforce than other areas. Overall, the company expanded its purchases from as strong as most recently in April 2010. "The delays caused by not only attracted a once dramatic increase in the average delivery times to be" shared with Markit. The purchasing prices increased even at a record pace. Prices for commodities had strong last expensive.
The industry that had collapsed in the recession particularly strong, is implementing the economic catch-up. Medium term, the recovery was likely in the opinion of experts gain in breadth and more and more benefit from the rising domestic demand.
