Germany's manufacturing PMI rises to 51-month high on stronger new orders

[Flag of Germany on sky background] * Germany’s manufacturing sector continued its strong recovery in August, with the S&P Global Manufacturing PMI rising to 54.1 from 52.2 in July, marking a 51-month high. * The improvement was driven by a sharp surge in new orders, which increased for the third consecutive month and at the fastest pace since February 2022, while export sales also recorded strong growth. * "The recovery in the German manufacturing sector kicked up a gear in August, with a jump in new orders helping propel output growth to its highest since early 2022. The upturn is being led the intermediate goods sector, i.e. makers of inputs for other goods, suggesting growth is still being supported to a degree by safety stockpiling amid tight supply conditions," said [https://www.pmi.spglobal.com/Public/Home/PressRelease/3a2e157ff4cd4e21a1cecf9fa320f935] Phil Smith, Economics Associate Director at S&P Global Market Intelligence. MORE ON GERMANY * FEZ: European Shares Still Check A Lot Of Boxes For Me [https://seekingalpha.com/article/4937183-fez-european-shares-still-check-a-lot-of-boxes-for-me] * Germany retail sales slide 3.4% in July, annual decline hits fastest since 2023 [https://seekingalpha.com/news/4638555-germany-retail-sales-slide-34-in-july-annual-decline-hits-fastest-since-2023] * Germany's inflation rate rises to 2.9% in August [https://seekingalpha.com/news/4638206-germany-inflation-rate-rises-to-29-in-august] * Seeking Alpha’s Quant Rating on iShares MSCI Germany ETF [https://seekingalpha.com/symbol/EWG/ratings/quant-ratings] * Dividend scorecard for iShares MSCI Germany ETF [https://seekingalpha.com/symbol/EWG/dividends/scorecard]