German output rises slightly whilst input costs plummet amid rapidly improving supply conditions

German manufacturing output edged slightly higher for the second month running in March, aided by increased availability of components and materials, latest PMI® survey data showed. The improvement in supplier performance was by far the greatest seen in the series history and represented an unwinding of the unprecedented disruption brought about by the pandemic. The decline in manufacturing input costs meanwhile gathered pace. Less positively, demand remained under pressure as customers refrained from placing new orders due to low confidence, rising borrowing costs and a desire to run down inventories. Accordingly,

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