Deutschland Einkaufsmanagerindex Verarbeitendes Gewerbe

The HCOB Germany Manufacturing PMI was revised higher to 43 in October 2024 from a preliminary of 42.6 and compared to a twelve-month low of 40.6 in September. The reading showed that the German manufacturing sector remained firmly in contraction although rates of decline eased. Output, new orders, employment and stocks all fell more slowly than in September, while business expectations were slightly less pessimistic. On the other hand, there was an accelerated decline in output prices across the goods-producing sector, as firms commented on strong competition for new work and came under pressure to pass on the cost savings from lower input prices. "The mood in German industry remained glum in October. However, there are signs that an economic trough may have been reached. Although the headline PMI remained deep in recessionary territory in October, it showed a slight improvement from a very low level", Jonas Feldhusen, Junior Economist at Hamburg Commercial Bank, said