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2025-12-16 17:50:24
[German Private Sector Activity Slows in December] ⑴ Germany's preliminary composite Purchasing Managers' Index (PMI) fell to 51.5 in December, the lowest in four months, below November's 52.4 and market expectations of 52.4. ⑵ Data showed that private sector growth slowed further from its recent high in October due to weak underlying demand, with new business inflows stagnating and employment declining slightly. ⑶ The service sector's expansion slowed to its weakest pace since September (52.6, previous 53.1), while manufacturing conditions deteriorated (47.7, previous 48.2), with production returning to contraction territory, ending nine consecutive months of expansion. ⑷ Despite the overall slowdown, inflationary pressures intensified. Manufacturing firms recorded their first increase in input costs in nearly three years, amid signs of increasing supply chain pressures, as operating costs and prices in the service sector rose rapidly. ⑸ Meanwhile, business expectations for growth plummeted to their lowest level in eight months.
