US EditionNew orders surge in German manufacturing but employment woes persist, PMI shows
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New orders surge in German manufacturing but employment woes persist, PMI shows
BERLIN (Reuters) – German manufacturers’ new orders grew at their fastest pace in more than three years in June, driven by rising demand both domestically and internationally, a business survey showed on Tuesday. The HCOB final Purchasing Managers’ Index (PMI) for German manufacturing, compiled by S&P Global, rose to 49.0 in June from 48.3 in May, its highest level since August 2022 but still slightly below the 50 level denoting growth. New orde…
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