Mumbai, March 2 -- Germany's manufacturing sector returned to growth in February, according to the latest HCOB Manufacturing PMI data. The headline index rose to 50.9 from 49.1 in January, moving above the 50 mark that signals expansion for the first time since June 2022.
The improvement was driven by stronger output and a solid rise in new orders, which increased at the fastest pace in nearly four years. Companies reported better demand both at home and abroad, with export orders also edging higher. Production expanded for the second month in a row, with growth accelerating compared to January.
Employment continued to decline, but job losses were the slowest in seven months. There were also early signs of rising capacity pressures, as ba...