German S&P Global Composite PMI Flash (Apr) 48.3 (Prev. 51.9, Low. 50.2, High. 52); "Faced with rapidly increasing costs, firms raised average prices ... at the quickest rate in over three years in April, in a sign of widening inflationary pressures"
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- "The manufacturing sector saw output and new orders edge higher, although there are warning signs that it too could soon slip back into contraction, with growth of both production and sales slowing sharply and manufacturers now reporting a pessimistic outlook for the year ahead."
- "There's seemingly been little spillover to the labour market as yet, with jobs being cut at only a slightly faster rate than the trend in the months before the outbreak of the war. That's likely to change, however, if activity remains suppressed and energy prices remain elevated."
- "Faced with rapidly increasing costs, firms raised average prices charged for goods and services at the quickest rate in over three years in April, in a sign of widening inflationary pressures."