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.

September 02, 2024
23 Articles