Prior 42.5Despite a slight revision higher to the initial reading, it is still a five-month low. Weak demand conditions is still the main problem and we're starting to see employment conditions also take a slight hit. The good news at least is that price pressures are easing a touch amid the softness in demand. HCOB notes that:“Germany's manufacturing sector has been mired in recession since around the middle of last year, and the latest PMI readings signal another contraction in the first quarter of 2024. To make things worse, the downturn is very broadly based, encompassing capital goods as well as intermediate and consumer goods. "The PMI figures are a good forecaster for the production f
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