Alemania PMI Manufacturero

The HCOB Flash Germany Manufacturing PMI rose to 42.5 in April 2024, up from 41.9 in March, exceeding the projected 42.2. The increase in the headline index was partially due to a slower decline in production, with output decreasing at the slowest pace in three months, largely driven by improved performance in intermediate goods. However, new orders saw a deeper decline at the beginning of the second quarter, with the largest decrease in total new work since November. On a positive note, new export orders fell at the slowest rate in a year. Job cuts decreased compared to March but remained significant. Input prices declined at the slowest rate in 14 months, while output prices experienced the sharpest drop since September 2009. Although manufacturers were more confident about the year ahead, the overall optimism was still relatively low compared to historical norms.