Germany's Manufacturing Recovery Halts in May, New Orders Fall for First Time This Year

According to Phil Smith, deputy chief economist at S&P Global Market Intelligence, Germany's manufacturing recovery stalled in May, with new orders declining for the first time this year. Smith noted that demand weakness is becoming apparent amid elevated uncertainty and surging prices. Manufacturing cost pressures continued to rise, though output price inflation remained flat compared to April as some producers exercised pricing caution due to weak demand.
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