Euro News Source
No Result
View All Result
Tuesday, May 30, 2023
  • Login
  • Home
  • Latest News
    • All Europe
    • United Kingdom
      • England
      • Ireland
      • Scotland
      • Wales
    • France
    • Germany
    • Italy
    • Spain
    • Austria
    • Belgium
    • Netherlands
    • Switzerland
  • Economics
  • Politics
  • Health
  • Sports
  • Videosnew
Subscribe
Euro News Source
  • Home
  • Latest News
    • All Europe
    • United Kingdom
      • England
      • Ireland
      • Scotland
      • Wales
    • France
    • Germany
    • Italy
    • Spain
    • Austria
    • Belgium
    • Netherlands
    • Switzerland
  • Economics
  • Politics
  • Health
  • Sports
  • Videosnew
No Result
View All Result
Euro News Source
No Result
View All Result
Home News Germany

German economy remains on growth path for now -PMI

by Euro News
May 24, 2022
in Germany
A A
0
152
SHARES
1.9k
VIEWS
FacebookTwitterLinkedin

FILE PHOTO: The skyline with its financial district is photographed during sunset as the spread of the coronavirus disease (COVID-19) continues in Frankfurt, Germany, October 26, 2020, REUTERS/Kai Pfaffenbach/File Photo GLOBAL BUSINESS WEEK AHEAD

BERLIN (Reuters) – A sustained rebound in services helped business activity in Germany grow again in May, though there are signs that rising prices, market uncertainty and supply problems are starting to put pressure on demand, a preliminary survey showed on Tuesday.

S&P Global’s flash Purchasing Managers’ Index (PMI) for services was 56.3 in May, down from April’s final reading of 57.6 but well above the 50 mark that denotes expansion for the fifth month in a row. Analysts had expected a decline to 57.2.

The flash PMI for manufacturing improved slightly this month, to 54.7 from April’s final reading of 54.6, above the 54.0 forecast by analysts in a Reuters poll.

That also helped the flash composite PMI, which tracks the manufacturing and services sectors that together account for more than two-thirds of the German economy, beat the 54.0 expected by analysts, nudging up to 54.6 from 54.3 in April.

Phil Smith, economics associate director at S&P Global, said the survey suggested manufacturers were going through order backlogs to support output after new orders fell at the quickest rate since June 2020, with new export orders particularly hit.

The roughly 800 businesses surveyed said uncertainty among clients, strong price pressures, supply disruption and COVID-related lockdowns in China had weighed on demand for goods.

“A post-lockdown recovery in services activity continues to provide a strong tailwind for the German economy,” he said.

“However, goods producers are increasingly turning to backlogs of work to support output as new orders show a sustained decline, boding ill for growth prospects in the sector if demand for goods continues to falter,” Smith added.

Reporting by Miranda Murray; Editing by Catherine Evans

Source: Reuters

Tags: Business Sentiment SurveysEconomic IndicatorsEconomic News (3rd Party)EconomyEuropeFinancials (Legacy)GermanyPMIPurchasing Managers SurveysReuters Top News

Related Posts

Germany

Germany plans new arms exports rules, easier exports to Ukraine – Der Spiegel

June 10, 2022
Germany

Germany pledges medical aid to Ukraine

June 10, 2022
Germany

Polish president says calls with Putin like speaking to Hitler -Bild

June 9, 2022
Germany

Man rams car into crowded Berlin shopping street, one dead

June 8, 2022
Germany

Germany introduces bill to accelerate wind power expansion

June 8, 2022
Germany

Car drives into crowd on Berlin shopping street, one dead

June 8, 2022
  • Trending
  • Comments
  • Latest

Dutch speed up coronavirus booster campaign, cut waiting time to three months

December 14, 2021

Manchester United – Manchester City live – 6 November 2021

November 6, 2021

Woman livestreams fatal stabbing of half-sister

October 25, 2021

Irish couple, 23 and 26, ‘carry out vicious knife attack in Sydney’

October 14, 2021
Freedom Day

Freedom Day

0
Fire Accident

Fire Accident In Iraq

0
Scotland

Advice from the Scotland Prime Minister

0
Brexiteers

Brexiteers Should Thank The EU

0

Manchester United could be place up for sale as the Glazer relatives request new financial investment – report

November 22, 2022

Lucy Letby demo: Nurse went salsa dancing the night time soon after allegedly attempting to murder toddler, court explained to

November 22, 2022

Observe as Mark Allen performs remarkable 5-cushion escape in German Masters qualifying win

November 22, 2022

Manchester United entrepreneurs to discover sale as Glazers search for new expenditure

November 22, 2022

Recent Posts

Manchester United could be place up for sale as the Glazer relatives request new financial investment – report

November 22, 2022

Lucy Letby demo: Nurse went salsa dancing the night time soon after allegedly attempting to murder toddler, court explained to

November 22, 2022

Observe as Mark Allen performs remarkable 5-cushion escape in German Masters qualifying win

November 22, 2022

Manchester United entrepreneurs to discover sale as Glazers search for new expenditure

November 22, 2022

France – Australia Live – Globe Cup: Soccer Scores & Highlights

November 22, 2022

Loved ones of previous police officer call for help for people facing domestic abuse by serving officers

April 26, 2023

Recent Posts

  • Manchester United could be place up for sale as the Glazer relatives request new financial investment – report
  • Lucy Letby demo: Nurse went salsa dancing the night time soon after allegedly attempting to murder toddler, court explained to
  • Observe as Mark Allen performs remarkable 5-cushion escape in German Masters qualifying win
  • Manchester United entrepreneurs to discover sale as Glazers search for new expenditure
  • France – Australia Live – Globe Cup: Soccer Scores & Highlights

Categories

  • Austria
  • Bahamas
  • Belarus
  • Belgium
  • Breaking News
  • Brexiteers
  • Business
  • China
  • COVID Cases
  • Covid-19
  • Cyber security
  • Debt
  • Economics
  • Energy
  • England
  • Fashion
  • Fire Accident
  • Food
  • France
  • Freedom Day
  • Germany
  • Health
  • Human Launch
  • Humanitarian
  • Ireland
  • Italy
  • Netherlands
  • News
  • Norway
  • Opinion
  • Politics
  • Refugees
  • Russia
  • Russia
  • Rwanda
  • Saudi Arabia
  • Science
  • Scotland
  • Scotland
  • Spain
  • Spanish-Flu
  • Sports
  • Switzerland
  • Travel
  • Ukraine
  • United Kingdom
  • Videos
  • Wales
  • Zambia

Site Navigation

  • About
  • Advertise
  • Guest Post
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
Euro News Source

Euro News Source is one of the best sources of European News. We provide the latest news from the European Union and its member states, local and international political, economic and sports news. Follow us to receive all news from around the European Union.

© 2021 Euro News Source.

No Result
View All Result
  • Home
  • Latest News
    • All Europe
    • United Kingdom
      • England
      • Ireland
      • Scotland
      • Wales
    • France
    • Germany
    • Italy
    • Spain
    • Austria
    • Belgium
    • Netherlands
    • Switzerland
  • Economics
  • Politics
  • Health
  • Sports
  • Videos

© 2021 Euro News Source.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?