Germany, manufacturing collapses in September: the S&P index is the lowest since June 2020

Health collapses in September manufacturing sector German: the seasonally adjusted index S&P Global SME (Purchasing managers’ index) fell from the value of 49.1 (recorded in August) to 47.8the lowest figure since June 2020. Economic conditions, according to the rating agency report, worsen across the sector due to the strong drop in new orders and the surge in energy prices, which accelerates theinflation. The level of the indicator, S&P points out, is the lowest recorded since the end of the first wave of Covidwhich had plunged him down to 35.

The acceleration of collapse of orders. In September, new job flows for German manufacturing fell for the sixth month in a row, and the decline was the heaviest since May 2020. The surge in prices and the worsening economic forecasts, in fact, have pushed more and more customers to to delete or postpone orders. “If demand continues to decline in the coming months, as companies expect, facing the high costs will become increasingly difficult, minimizing margins“, Comments Phil Smith, Economics associate director at S&P Global market intelligence.

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About Eric Wilson

The variety offered by video games never ceases to amaze him. He loves OutRun's drifting as well as the contemplative walks of Dear Esther. Immersing himself in other worlds is an incomparable feeling for him: he understood it by playing for the first time in Shenmue.

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