German S&P Global Manufacturing PMI Final (Apr) 51.4 vs. Exp. 51.2 (Prev. 52.2); "...businesses expecting activity to fall in the coming year now outweigh those anticipating a rise"

"Output and new orders continue to be supported by the rush to secure supplies amid concerns over future price increases and shortages..." "...seeing strong growth in new orders received by makers of intermediate goods, i.e. those used to produce other goods, there has already been a marked decline in demand for consumer products." "...businesses expecting activity to fall in the coming year now outweigh those anticipating a rise" "...worries that surging inflation pressures and the associated squeeze on purchasing power will stifle demand, with factory gate price inflation jumping sharply to its highest in over three years in April." "...supply delays already at a level not seen since mid-2022, there is a risk that production could be scaled back regardless of the demand situation"