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2026-04-07 16:29:32
[Germany's Private Sector Growth Slows in March, Composite PMI Falls to 51.9] ⑴ The S&P Global Germany Composite Purchasing Managers' Index (PMI) fell to 51.9 in March from 53.2 in February, marking the weakest private sector expansion this year. Ongoing Middle East conflict dampened service sector growth, while manufacturing output surged to a 49-month high due to supply chain disruptions, which in turn boosted factory activity. ⑵ New business remained largely stable, with declining service sector demand offset by increased factory orders. However, employment declined across sectors, and business confidence in the coming year weakened. ⑶ Cost inflation rose, particularly in manufacturing, but average output prices rose at only a slightly faster pace.
