He Germany’s purchasing managers’ index (PMI) manufacturing lost one point in February, falling to 46.3 compared to 47.3 in January. The figure worsens consensus expectations, which called for a drop to 46.5. This is the worst result obtained by the indicator in three months. The German manufacturing sector has eight consecutive months in contraction territory.
According to the S&P Global statement, production has risen marginally amid record shortening lead times for inputs. The decline in new orders eases but remains pronounced overall. Input costs fall for the first time in almost two and a half years.
On the other hand, Germany has published its employment data for January, showing an increase of 2,000 jobs compared to the 19,000 expected. The unemployment rate remains at 5.5% for the third consecutive month.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
