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German PMI ticks up in October as declines in output and new orders ease
The German manufacturing sector remained firmly in contraction as the final quarter of 2024 got underway, the latest HCOB PMI® survey showed, although rates of decline eased across several key metrics. Output, new orders, employment and stocks all fell more slowly than in September, while business expectations were slightly less pessimistic. On the other hand, however, October saw an accelerated decline in output prices across the goods-producing sector, as firms commented on strong competition for new work and came under pressure to pass on the cost savings from lower input prices. The headline HCOB Germany ... (full story)
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- Posted: Nov 4, 2024 3:56am
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 3,543
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