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German manufacturing outlook darkens as sharp fall in demand for goods weighs on factory output
Latest PMI® data highlighted a difficult end to the second quarter for Germany's 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. Elsewhere, whilst still elevated, rates of increase in both factory input costs and output prices slowed for the second month in a row in June, as the survey showed an easing of some supplychain pressures. The headline seasonally adjusted S&P Global / BME Germany ... (full story)