Germany's manufacturing PMI fell to 42.4 in August, reflecting a broader eurozone contraction.

Germany's manufacturing sector saw a decline in August, with the Purchasing Managers' Index (PMI) dropping to 42.4, marking a five-month low. This trend reflects a broader eurozone contraction, with the PMI at 45.8, indicating ongoing downturn for 26 months. Key factors include a significant drop in new orders and reduced business confidence. Only Greece, Spain, and Ireland exhibited growth, while rising input prices could challenge the European Central Bank's inflation management.

6 months ago
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