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German PMI at 18-month low in March as war in Ukraine impacts export demand, supply chains and prices
Germany's manufacturers reported a slowdown in growth and a marked drop in their expectations towards future activity in March as the war in Ukraine weighed on export demand and led to fresh supply-side pressures, latest PMI® survey data showed. After easing in recent months, supply delays worsened and there was a reacceleration in the rate of input price inflation. For the first time since the initial global COVID outbreak, goods producers were pessimistic about the year-ahead outlook. The slowdown in growth in March was underscored by the seasonally adjusted S&P Global / BME Germany Manufacturing Purchasing ... (full story)