'Light at the end of the tunnel' - economist (Il Sole 24 Ore Radiocor) - London , 03 Jun - In May, Germany's purchasing managers' index for the manufacturing sector rose to a four-month high of 45.4 from 42.5 in April, according to data released by S&P Global and Hamburg Commercial Bank.

The manufacturing PMI output increased to a 13-month high of 48.9 from 45.4 in April.

A reading above 50 signals expanding sector activity and a reading below 50 a contraction.

"Finally, there is light at the end of the tunnel. With the global manufacturing environment having already improved in recent months, the spark now seems to be catching on with German producers," said Cyrus de la Rubia, chief economist at Hamburg Commercial Bank. "The output index made a significant leap towards the 50 no-change mark in May, indicating that companies have barely reduced their production on average.

This is a stark contrast to the previous twelve months, which saw consistent and substantial declines in output.".

AAA-Hob

(RADIOCOR) 03-06-24 10:03:49 (0192) 5 NNNN