Final manufacturing PMI fell to 50.1, missing the 51.4 preliminary reading and signaling stagnation in Europe’s largest economy.
Germany’s final manufacturing PMI for May dropped to 50.1, below the preliminary estimate of 51.4, indicating weaker-than-expected factory activity. The reading marks a near-stagnation in the sector, which had shown tentative signs of recovery in prior months.
The decline contrasts with April’s final PMI of 45.9 and consensus expectations for a modest improvement. Analysts had anticipated a gradual rebound as supply chain pressures eased, but the data suggests persistent headwinds from weak demand and elevated input costs.
Markets are monitoring the report for implications on Eurozone growth, with the ECB’s policy path remaining a key focus amid mixed economic signals.