German Bank: German manufacturing industry struggles drag down Eurozone economic sentiment.

Vincent Stamer of Deutsche Bank said in a report that the Eurozone Purchasing Managers Index data is particularly disappointing for the German industrial sector, as Germany's business sentiment further retreated from the 50-point threshold that signifies recovery. Germany's Manufacturing PMI fell from 48.2 in November to 47.7 in December, in contrast to France, where the index rose from 47.8 to a 40-month high of 50.6. Stamer commented on Germany, saying: "Clearly, the stimulative effect of the main interest rate cuts is not enough to offset the adverse impact of factors such as American tariffs." However, he noted that while the overall Eurozone PMI declined in December, the index continues to indicate a moderate economic recovery, despite the weakness in the German industrial sector.