Economic Buzz: Germanys Manufacturing PMI At 54.8 In May

1 Jun 2022 , 01:42 PM

The headline seasonally adjusted S&P Global/BME Germany Manufacturing Purchasing Managers Index (PMI) registered 54.8 in May. This marked a slight improvement from Aprils 20-month low of 54.6. May PMI data showed a sustained softening of demand for German manufactured goods, with a combination of heightened economic uncertainty, sharply rising prices and COVID-related lockdowns in China leading to a further decline in new orders.Powered by Commodity Insights