Fading supply chain problems helped ease the downturn in Germany's manufacturing sector in December, although weaker demand continues to weigh on sentiment, a survey showed on Monday.
S&P Global's final Purchasing Managers' Index for manufacturing, which accounts for about a fifth of Germany's economy, rose to 47.1 from November's 46.2.
A Reuters poll of analysts had pointed to a December reading of 47.4, in line with an earlier flash reading. Price pressures also lifted somewhat with the improvement in material availability. The input prices index was at its lowest since November 2020, though above the pre-pandemic average.
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