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German PMI climbs into growth territory for first time in over three-and-a-half years in February
The headline HCOB Germany Manufacturing PMI® climbed back into expansion territory for the first time in over three-and-ahalf years in February, driven in large part by stronger increases in both output and new orders. The headline index was also buoyed by slower decreases in employment and stocks of purchases. Business expectations meanwhile remained on an upward trajectory, reaching their highest since February 2022. Elsewhere, the latest survey results indicated an increase in cost pressures faced by goods producers in the eurozone's largest economy, with input price inflation its strongest in over three years. ... (full story)
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