German S&P Global Manufacturing PMI Final (Jun) 50.3 vs. Exp. 50 (Prev. 50.1, Low. 50, High. 50.1)

"On the whole, it was a slightly more positive set of results for the German manufacturing sector in June than we saw the month before, not only in terms of growth indicators but also the underlying metrics on price pressures and supply disruption". "There’s still the risk of some payback from the front-loading of orders we’ve seen in recent months which, alongside high price levels and still relatively elevated levels of uncertainty, is likely to weigh on growth in the near term". "“Encouragingly, we saw the rate of input cost inflation retreat from May’s near four-year high as the drop in oil prices started to filter through".