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2025-08-01 16:19:22
Germany's July Manufacturing PMI Hit a Three-Year High: (1) Germany's July Manufacturing PMI was revised down to 49.1 from a preliminary reading of 49.2, slightly higher than June's 49.0. While still in contraction territory, it reached its highest level in nearly three years. (2) Improvements in employment, purchasing inventories, and supplier delivery times offset the slowdown in output and new orders. (3) Input costs continued to decline, primarily due to weakening supplier pricing power and a stronger euro, leading to a third consecutive month of decline in factory gate prices. (4) Manufacturers remained optimistic about the growth outlook for the coming year, but the confidence index declined slightly from its June peak.
