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German manufacturing sector ends Q3 firmly in contraction territory
Germany's manufacturing sector remained firmly in contraction as the third quarter drew to a close, the latest HCOB PMI® survey conducted by S&P Global showed. Output fell to the greatest extent for almost three-and-a-half years amid a further sharp – albeit slightly slower – drop in new orders. Goods producers were more pessimistic about the outlook and trimmed workforce numbers accordingly, although the rate of job losses remained modest. Weaker demand across the sector meanwhile fed through to lower prices, with September seeing further declines in both input costs and output charges. The HCOB Germany ... (full story)
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- Posted: Oct 2, 2023 3:55am
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 1,977
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