Economic Buzz: German manufacturing turns in strong performance

Germany's manufacturing sector enjoyed a strong start to the third quarter as business activity expanded in July at its joint-strongest pace since May 2022, boosted time faster output growth. The S&P Global final PMI for German manufacturing rose to 52.2 in July from 50.3 the month before, in line with a preliminary reading earlier this month and at the same high level as recorded in March. A reading above 50 indicates growth, while below that figure signals contraction.

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