(IHS Markit) Germany’s manufacturing PMI hit a six-month low of 62.6 in August, from 65.9 in July as manufacturers struggled to meet demand due to supply constraints.
Output sub-index fell more than five points to its lowest in a year driven by material shortages.
New order expansion remained high historically, exceeding output by the greatest margin in the series history.
Lead times eased, with about 61% of manufacturers experiencing longer deliveries, compared to 79% in May.
Employment gains eased from July’s record, although the growth happened for the sixth consecutive month.
Manufacturers had a lower optimism in the coming year, citing elevated price pressures.
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