Germany HCOB Manufacturing PMI registered at 42.3, below expectations (46.1) in February

Feb 22, 2024

Germany HCOB Composite PMI came in at 46.1 below forecasts (47.5) in February

German Preliminary Manufacturing PMI unexpectedly drops to 42.3 in February vs. 46.1 expected

Germany’s manufacturing sector contraction unexpectedly deepened in February while the services sector activity improved, according to the preliminary business activity report from the HCOB survey published on Thursday.