Germany: Composite PMI hits one year high in May
The S&P Global Composite Purchasing Managers’ Index (PMI) came in at 52.2 in May, up from April’s 50.6. May’s result marked the strongest reading since May 2023. As such, the index moved further above the 50.0 no-change threshold, signaling a faster improvement in private sector operating conditions compared to the previous month.
The Manufacturing PMI clocked in at 45.4 in May, up from April’s 42.5. Lastly, the Services PMI rose to 53.9 in May (April: 53.2).