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Economic Buzz: Germany Manufacturing Activity Improves

Economic Buzz: Germany Manufacturing Activity Improves

May 24, 2022 2:56 IST | capital market
Germany PMI Manufacturing rose from 54.6 to 54.7 in May. PMI Services dropped from 57.6 to 56.3.The headline S&P Global Flash Germany PMI Composite Output Index came in at 54.6 in May, marking a slight improvement from Aprils 54.3.The latest reading was above the 50.0 threshold that separates growth from contraction for the fifth consecutive month amid a sustained strong rebound in service sector business activity (index at 56.3). Manufacturing output also increased, albeit only slightly (index at 51.0), following a decline at the start of the second quarter. Powered by Commodity Insights

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