Germany January final manufacturing PMI 49.1 vs 48.7 prelim
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Germany's January final manufacturing PMI rose to 49.1 from a preliminary 48.7, indicating a potential recovery. Input cost inflation reached a 37-month high, driven by rising natural gas and oil prices. Chief Economist Cyrus de la Rubia noted optimism in future output and a slight increase in new orders, although the situation remains fragile with companies reducing inventories and job cuts continuing. Manufacturers are struggling to pass on cost increases to customers, but those who have streamlined processes may benefit if demand improves this year.
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