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German manufacturing grows at slowest pace in 16 months in March

Bloomberg German manufacturing grew at the slowest pace in 16 months in March, evidence that the economy is feeling the pressure of cooling global demand. Markit Economics said its Purchasing Managers Index slipped to 50.4 from 50.5 in February, just above the 50 level that separates expansion from contraction. While a separate report showed services improved this month, a gauge ...

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Euro-area deflation persists even as Markit sees growth

Bloomberg Economic growth in the euro area probably picked up at the end of the first quarter, according to Markit Economics, which also said that concerns remain about the health of the region. Markit’s composite Purchasing Managers Index of manufacturing and services rose to a three-month high of 53.7 in March from 53 in February. That keeps the measure well ...

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Crumbling German Autobahn leaves drivers stuck in jams

Bloomberg On a typical weekday, hundreds of heavy trucks arrive at the Chempark Leverkusen, a sprawling complex of refineries flanking the Rhine River in western Germany. For the past two years, the trucks have been forced to make long detours to avoid a crumbling Autobahn bridge that dates to when the Beatles were singing Twist and Shout in Hamburg. Designed ...

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