Mumbai, Sept. 1 -- The headline HCOB Germany Manufacturing PMI ticked up to 49.8 in August, from July's 49.1. The latest reading was the highest recorded since the index slipped below the 50.0 threshold that separates improvement from deterioration in mid-2022.
The latest HCOB PMI survey showed stronger growth in both production and new orders across the German manufacturing sector in August, with the pace of expansion in output at its highest in nearly three-and-a-half years.
Nevertheless, not only did goods producers remain in job-cutting mode, with employment even falling at a quicker rate than in July, but they also signaled a renewed decline in purchasing activity and further marked decreases in stocks.
This coincided with slightly ...