Germany's manufacturing sector continues to tread water

[German flag against cloudy sky]
Reinhard Krull

* The headline HCOB Germany Manufacturing PMI registered 49.6 in October, showing little change from September's 49.5 but matching estimates.
* "Germany’s manufacturing sector continued to tread water in October, with the headline PMI inching up to 49.6 from 49.5 in September, remaining just below the crucial 50.0 threshold that separates expansion from contraction. While output rose for the eighth consecutive month, this latest upturn was driven primarily by the investment goods segment, suggesting that the recovery remains fragile," commented [https://www.pmi.spglobal.com/Public/Home/PressRelease/c2404eff379942fabff25de381ca9802] Nils Müller Junior Economist at Hamburg Commercial Bank.
* As for the outlook, German manufacturers' optimism towards growth prospects in the year ahead waned to the lowest since December last year. While some firms were hopeful of a pick-up in economic conditions, others voiced concerns about falling backlogs of work, the note added.
* ETFs: (NYSEARCA:EWG [https://seekingalpha.com/symbol/EWG]), (NYSE:GF [https://seekingalpha.com/symbol/GF]), (NASDAQ:FGM [https://seekingalpha.com/symbol/FGM]), (NASDAQ:DAX [https://seekingalpha.com/symbol/DAX]), (NYSEARCA:FLGR [https://seekingalpha.com/symbol/FLGR]) (DAX:IND [https://seekingalpha.com/symbol/DAX:IND])
* Currency: (EUR:USD [https://seekingalpha.com/symbol/EUR:USD])

MORE ON GERMANY

* DAX: A Low Cost Option To Add German Large-Cap Exposure [https://seekingalpha.com/article/4833165-dax-low-cost-option-to-add-german-large-cap-exposure]
* EWG: A Guide To The Premier German ETF [https://seekingalpha.com/article/4830569-ewg-guide-to-premier-german-etf]
* EWG: A Bet On Germany Emerging From Stagnation In 2026-2027 [https://seekingalpha.com/article/4829970-ewg-etf-bet-on-germany-emerging-from-stagnation-in-2026-2027]
* EU considers expanding stock and crypto market supervision under ESMA - report [https://seekingalpha.com/news/4512729-eu-considers-expanding-stock-and-crypto-market-supervision-under-esma---report]
* Trump’s Tariffs: Key announcements from October [https://seekingalpha.com/news/4512499-trump-s-tariffs-key-announcements-from-october]