{"id":427794,"date":"2026-03-02T16:00:22","date_gmt":"2026-03-02T09:00:22","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/2026\/03\/germany-february-final-manufacturing-pmi-50-9-vs-50-7-prelim\/"},"modified":"2026-03-02T16:00:22","modified_gmt":"2026-03-02T09:00:22","slug":"germany-february-final-manufacturing-pmi-50-9-vs-50-7-prelim","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/germany-february-final-manufacturing-pmi-50-9-vs-50-7-prelim-427794\/","title":{"rendered":"Germany February final manufacturing PMI 50.9 vs 50.7 prelim"},"content":{"rendered":"<div>\n<ul>\n<li>Prior was 49.1<\/li>\n<\/ul>\n<p>Key findings:<\/p>\n<ul>\n<li>Business expectations reach highest since February 2022<\/li>\n<\/ul>\n<p>Comment:<\/p>\n<p>Commenting on the PMI data, Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank, said:\n<\/p>\n<p>\u201cIt finally looks like things are turning around for Germany\u2019s manufacturing sector. For the first time in over three-and-a-half<br \/>\nyears, the headline PMI has climbed back above 50. That\u2019s thanks to faster growth in output, a solid jump in new orders &#8211;<br \/>\nhelped a bit by stronger export demand &#8211; and longer delivery times, which usually signal rising demand. Most of the gains<br \/>\ncame from makers of intermediate and capital goods. For a sector that hasn\u2019t had much to celebrate in recent years, this is<br \/>\nalready a pretty upbeat development.\n<\/p>\n<p>\u201cInput prices shot up in February, rising much faster than the month before. From what people in the industry are saying,<br \/>\ncosts have been rising from all kinds of directions &#8211; metals, energy, wages, electronic components, and even the newly<br \/>\nintroduced Carbon Border Adjustment Mechanism (CBAM). Companies did manage to pass some of these higher costs on<br \/>\nto customers, but margins likely still took a hit.\n<\/p>\n<p>\u201cCompanies kept trimming their staff, although not as sharply as in January, probably because demand has picked up a bit.<br \/>\nWith output growing for eleven of the past twelve months while employment has been cut significantly during the same<br \/>\nperiod, manufacturers seem to have boosted their productivity. That could set a solid foundation for more sustainable growth<br \/>\nin the months ahead.\n<\/p>\n<p>\u201cOptimism about future production has risen from an already high level. A lot of that confidence likely comes from<br \/>\ngovernment infrastructure stimulus and the big jump in defence spending, both of which are driving domestic demand. There<br \/>\nreally does seem to be a structural shift underway, as over the past five months total orders have consistently outpaced<br \/>\nexport orders. We expect domestic demand to be the main driver of manufacturing growth this year.\u201d<\/p>\n<p>                            This article was written by Giuseppe Dellamotta at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Prior was 49.1 Key findings: Business expectations reach highest since February 2022 Comment: Commenting on the PMI data, Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank, said: \u201cIt finally looks&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-427794","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/427794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=427794"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/427794\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=427794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=427794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=427794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}