Germany’s manufacturing sector made a solid start to the second quarter, with output rising markedly and at a quicker pace than in March. However, the rate of production growth remained well below the highs seen at the turn of the year, and both new order inflows and job creation continued to wane from their recent elevated levels. A further marked increase in input lead times meanwhile continued the worst sequence of delivery delays faced by manufacturers in over two decades of data collection, with supply chain constraints also contributing to sustained strong price pressures. The headline IHS Markit/BME Germany ... (full story)