Prior 49.1Services PMI 50.1 vs 50.3 expected
\nPrior 50.6Composite PMI 50.9 vs 50.2 expected
\nPrior 50.6<\/p>\n
Comment:<\/p>\n
Commenting on the flash PMI data, Dr. Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank, said:<\/p>\n
\u201cGermany\u2019s economy has been growing throughout the summer so far, and the pace of expansion has even picked up
\nslightly. While we\u2019re talking about modest gains here, this trend signals resilience \u2013 considering the headwinds like U.S.
\ntariffs, geopolitical uncertainty, and relatively high long-term interest rates.\n<\/p>\n
\u201cThe recovery is being driven primarily by the manufacturing sector, where output has now increased for six consecutive
\nmonths, with the latest data showing a noticeable uptick. Particularly encouraging is the surge in new orders, which saw their
\nstrongest growth since March 2022. That said, a certain degree of caution remains among businesses. Stocks of inputs
\ncontinue to decline sharply, which aligns with reduced purchasing activity. This suggests companies are still playing it safe.\n<\/p>\n
\u201cIn manufacturing, firms have been cutting jobs at a faster pace. That\u2019s clearly bad news for those affected, and it could be
\nseen as a negative economic signal. But it\u2019s likely part of a broader effort to boost productivity and sharpen competitiveness.
\nAt least in the short term, this seems to be working \u2013 output has risen significantly.\n<\/p>\n
\u201cInput prices in manufacturing have fallen, helped by lower oil prices and a relatively strong euro. On the sales side,
\nmanufacturers have passed on some of these cost savings to their customers. In contrast, the services sector saw the
\nopposite trend in August: costs rose more sharply \u2013 likely due to rising wages \u2013 and companies had enough pricing power to
\npass parts of those increases on to their clients.\u201d<\/p>\n
Germany Composite PMI<\/p>\n","protected":false},"excerpt":{"rendered":"Prior 49.1Services PMI 50.1 vs 50.3 expected Prior 50.6Composite PMI 50.9 vs 50.2 expected Prior 50.6 Comment: Commenting…\n","protected":false},"author":2,"featured_media":86295,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[45,49,48,46],"class_list":["post-86294","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-ca","tag-canada","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/86294","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=86294"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/86294\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/86295"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=86294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=86294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=86294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}