S&P Global's final Germany manufacturing PMI rose to 50.3 in June from 50.1 in May, slightly above the preliminary 50.0, signaling marginal expansion. Output growth accelerated and new orders recovered modestly. S&P Global Market Intelligence deputy chief economist Phil Smith said firms are still partially relying on backlogs to sustain output, which is unsustainable, and early deliveries pose a downside risk. Elevated prices and uncertainty could weigh on near-term growth, and the outlook for p

S&P Global's final Germany manufacturing PMI rose to 50.3 in June from 50.1 in May, slightly above the preliminary 50.0, signaling marginal expansion. Output growth accelerated and new orders recovered modestly. S&P Global Market Intelligence deputy chief economist Phil Smith said firms are still partially relying on backlogs to sustain output, which is unsustainable, and early deliveries pose a downside risk. Elevated prices and uncertainty could weigh on near-term growth, and the outlook for prices will hinge on developments in the Middle East.