Economic Buzz: Germany Manufacturing PMI Decline To 52.0 In June

1 Jul 2022 , 02:50 PM

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 52.0 in June, down from 54.8 in May and its lowest reading for almost two years. It stayed above the 50.0 no-change threshold thanks to its employment, stocks of purchases and supplier delivery times components. Latest PMI data highlighted a difficult end to the second quarter for Germanys manufacturing sector, with new orders falling further amid growing headwinds to demand, and output also in decline. Firms grew more pessimistic about the outlook, owing to concerns about a combination of high inflation, continued supply disruption and shrinking order books.Powered by Commodity Insights