FX.co ★ German Manufacturing Sector Weakens

The S&P Global Flash Germany Manufacturing PMI edged down to 50.0 in June 2026 from 50.1 in May, undershooting market expectations of 50.5. This five-month low signals that factory activity has largely stalled, even as output growth picked up slightly. New manufacturing orders rose modestly, mirrored by a similar increase in new export business, but overall momentum remained subdued. At the same time, cost inflation cooled but stayed high by historical standards. Manufacturers’ expectations improved for the second month in a row, though overall sentiment remained muted.