Germany November Final Manufacturing PMI Drops to 48.2, Signals Continued Contraction

Based on Bpaynews, Germany’s November final manufacturing PMI fell to 48.2, remaining below the 50 contraction threshold for 33 consecutive months. The decline was driven by weaker export orders, shrinking employment, and soft new orders, despite nine months of steady output growth. Analysts note that the sector’s recovery has stalled, with external demand, particularly from the U.S., weakening. Supplier delivery times lengthened for a third month, but the broader trend remains one of industrial fragility. The report suggests that unless export demand stabilizes, the factory sector risks losing its modest output momentum. Potential fiscal support is not expected until early 2026.