The Markit’s manufacturing PMI for Germany has fallen in April to 66.2 from the historical maximum registered in March at 66.6, disappointing the 66.4 points expected by the market. Even so, the indicator shows its second best reading since the beginning of the record in 1996.
The pace of job creation accelerates as the expectations gauge reaches a new high. Supply bottlenecks continue to drive up costs.
The Eurozone manufacturing PMI rose to 62.9 in April, surpassing the 62.5 points in March, and reached its all-time high despite failing to meet expectations of 63.3 points.
In the euro zone, the indicator again shows considerable increases in production and new orders. Supplier lead times are lengthening at an unmatched rate, helping to drive rapid price increases.
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