German HCOB Manufacturing PMI Final (Jan) 49.1 vs. Exp. 48.7 (Prev. 47.0)
Importance
Level 1
- “Input prices are climbing again. Much of this seems tied to the sharp jump in natural gas and oil prices, both driven up by cold weather across Europe and the US. Prices for metals like copper, nickel, and aluminium have also run higher in January compared to December. Companies, however, have struggled to pass these cost pressures on to customers."
- “Firms are continuing to shed jobs at a brisk pace. This likely reflects a combination of productivity enhancing measures and a response to the weak demand environment of the past several years."
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