
German Manufacturing Sector Returns to Growth

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The HCOB Germany Manufacturing PMI rose to 50.7 in February 2026, indicating growth in the manufacturing sector for the first time since June 2022. Output increased for the second month, with new orders growing at the fastest rate in nearly four years, driven by stronger export demand. Backlogs of work also rose, while job losses slowed. Input costs increased for the third month, and output prices saw a slight rise, ending a three-month decline.
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