Economic Buzz: Germany Manufacturing PMI At 46.2 In November

1 Dec 2022 , 03:51 PM

Germanys manufacturing sector remained in contraction at the midway point of the fourth quarter, with goods producers reporting a notable weakening of demand, according to latest PMI survey data. Rates of decline in output and new orders were slower than in October, however, while firms were less pessimistic about the outlook. Expectations were lifted in part by an easing of material shortages and an associated slowdown in the rate of input cost inflation, which retreated to a near two-year low. The headline seasonally adjusted S&P Global / BME Germany Manufacturing Purchasing Managers Index (PMI) – a single figure measure of sector performance derived from measures of new orders, output, employment, suppliers delivery times and stocks of purchases – registered 46.2 in November, thereby remaining in sub-50 contraction territory for a fifth straight month. However, up from Octobers near two-and-a-half year low of 45.1, the latest figure pointed to a slight slowdown in the rate of decline. Powered by Commodity Insights