Fading Supply Problems Ease Downturn in German Manufacturing: PMI

Fading Supply Problems Ease Downturn in German Manufacturing: PMI
Workers assemble a camper at the Knaus-Tabbert AG factory in Jandelsbrunn near Passau, Germany, on March 16, 2021. Andreas Gebert/Reuters
Reuters
Updated:

BERLIN—Fading supply chain problems helped ease the downturn in Germany’s manufacturing sector in December, although weaker demand continues to weigh on sentiment, a survey showed on Monday.

S&P Global’s final Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about a fifth of Germany’s economy, rose to 47.1 from November’s 46.2.