Reported 2 days ago
Germany's manufacturing sector experienced a decrease in activity in May, but there are encouraging signs with a third consecutive month of increased production, driven by a rise in new export orders. The HCOB Germany Manufacturing Purchasing Managers' Index (PMI) recorded a slight decline to 48.3, indicating ongoing contraction. However, a recovery in international sales, particularly to Europe and the U.S., alongside improving business expectations, reflects a stabilizing trend in the sector. Employment losses slowed, and the decline in factory gate charges suggests competitive market pressures.
Source: YAHOO