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German manufacturing sector continues to show strength despite severe supply disruption and rising costs

From markiteconomics.com

Germany's manufacturing sector continued to enjoy a historically strong rate of growth in April, latest PMI® survey data showed. Expansions in output and new orders eased but remained close to the record highs seen in March, while growing pressure on capacity and strong business confidence fuelled an acceleration in job creation. Severe supply-side disruption remained a hindrance to the sector's performance, however, weighing on output and contributing to rises in both input cost and output price inflation, the latter to a new record high. The headline IHS Markit/BME Germany Manufacturing PMI® – a weighted aggregate ... (full story)

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