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German production growth remains stymied by supply bottlenecks, while output price inflation hits new high

From markiteconomics.com

November saw German manufacturers continue to struggle to increase production volumes amid ongoing supply-side constraints, latest PMI® survey showed. Rising costs also remained a key challenge, and led to another record increase in factory gate charges. Nevertheless, expectations towards future output improved for the first time in five months, albeit with growth prospects often contingent on a catch-up in supply. The headline IHS Markit/BME Germany Manufacturing PMI® – a weighted aggregate of measures of new orders, output, employment, suppliers' delivery times and stock of purchases – slipped to 57.4 in November, ... (full story)

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