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GERMAN DATA: Demand Weakness Persists, Output Charges Accelerate

GERMAN DATA

Both manufacturing and services components were weaker than expected in the German August flash PMI, both at the lowest levels since March this year. Services was 51.4 (vs 52.3 cons, 52.5 prior) while manufacturing was contractionary for the 26th consecutive month at 42.1 (vs 43.3 cons, 43.2 prior).

Demand weakness was cited in both sectors, though more worryingly the PMI noted an acceleration in output prices, despite a moderation in input cost pressures. 

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Both manufacturing and services components were weaker than expected in the German August flash PMI, both at the lowest levels since March this year. Services was 51.4 (vs 52.3 cons, 52.5 prior) while manufacturing was contractionary for the 26th consecutive month at 42.1 (vs 43.3 cons, 43.2 prior).

Demand weakness was cited in both sectors, though more worryingly the PMI noted an acceleration in output prices, despite a moderation in input cost pressures. 

Keep reading...Show less