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German Manufacturing Slump Deepens in Warning Sign for Euro Area
By Carolynn Look
April 1, 2019, 9:17 AM GMT+2

A contraction in German manufacturing that has sent investors fleeing for safe-haven assets is proving deeper than initially anticipated.

Germany has been at the crux of a global manufacturing slump fueled by trade uncertainty and weakening demand. Orders and export sales are now falling at the fastest pace since the financial crisis as backlogs extend their decline.

French manufacturing also shrank more than expected -- the PMI there was revised down to 49.7. A reading below 50 signals contraction.

https://www.bloomberg.com/markets/fixed-income

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