Germany’s composite PMI reached 51.2 in July, marking its first expansion in four months as manufacturing activity strengthened.
Germany’s composite PMI climbed to 51.2 in July from 49.5 in June, surpassing the 50 threshold that signals expansion. The increase marks the first growth in four months, driven by a rebound in manufacturing activity.
The services sector also improved, hitting a four-month high, though the overall gain was led by stronger factory output. June’s reading had indicated contraction, with the index below 50 for three consecutive months.
The data suggests a potential stabilization in Europe’s largest economy after a period of weakness, though the pace of recovery remains modest.