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2025-12-16 20:10:59
[German Manufacturing Dragging Down the Eurozone's Economic Recovery: The Achilles' Heel] ⑴ Analysts at Commerzbank pointed out that the performance of German manufacturing was particularly disappointing in the December Eurozone PMI data, with its business climate index further deviating from the 50-point threshold separating expansion from contraction. ⑵ Data shows that the German manufacturing PMI fell from 48.2 in November to 47.7 in December, while the French manufacturing PMI rose from 47.8 to a 40-month high of 50.6 during the same period, creating a stark contrast. ⑶ Analysts believe that for Germany, the stimulative effect of the key interest rate cut is clearly insufficient to offset the headwinds from US tariffs and increasingly fierce competition from China. ⑷ Despite the weakness in German manufacturing, the overall Eurozone PMI reading for December still points to a moderate economic recovery. ⑸ The significant divergence in manufacturing data between Germany and France highlights the structural differences in economic momentum within the Eurozone, with Germany's slowdown as a traditional engine casting a shadow over the region's prospects.
