Germany Manufacturing PMI Holds at 52.2 as Output Growth Hits 4.5-Year High
Updated
Updated · investinglive.com · Aug 3
Germany Manufacturing PMI Holds at 52.2 as Output Growth Hits 4.5-Year High
3 articles · Updated · investinglive.com · Aug 3
Summary
Germany’s final manufacturing PMI stayed at 52.2 in July, up from 50.3 previously, signaling a strong start to the third quarter.
Output growth accelerated to its fastest pace since February 2022, helped by stronger export sales and easing input cost inflation.
Input cost pressures cooled to their weakest since the Middle East war began, with lower oil prices through June and early July cited as a key support.
Business expectations for the year ahead remained subdued, while supply-chain delays worsened again in July amid bottlenecks in the global electronics industry.
S&P Global said recent oil-price volatility and continued Middle East uncertainty could make July’s manufacturing strength hard to sustain without a resolution to hostilities.