FX.co ★ Germany Manufacturing PMI Unrevised in October

In October 2025, the HCOB Germany Manufacturing PMI remained steady at 49.6, up slightly from September's 49.5, confirming the preliminary projections. This indicates that the manufacturing sector continues to experience a lack of momentum as the fourth quarter begins. There was a decline in employment and backlogged orders once again, although production volumes saw a modest increase, primarily led by the investment goods segment. However, the rate of growth has slowed. Companies reduced purchasing levels to deplete existing stocks, yet lead times for purchases increased for the second consecutive month. The most recent data also revealed a modest uptick in the prices charged by German manufacturers, ending a five-month period of decline. Lastly, business expectations continued their downward trend, reaching their lowest point this year.