Commerzbank's Vincent Stamer said in a report that Eurozone purchasing managers' index data was particularly disappointing for the German industry, and Germany's boom was further away from the 50-point watershed that marked recovery. Germany's manufacturing PMI fell to 47.7 in December from 48.2 in November, in contrast to France, where the index rose from 47.8 to a 40-month high of 50.6. Speaking about Germany, Stamer said, “Obviously, the stimulus effect of falling major interest rates is not enough to offset the adverse effects of factors such as US tariffs. “However, he said that although the overall Eurozone PMI declined in December, the index continued to indicate a moderate recovery in the economy, despite the weak performance of the German industry.

Commerzbank's Vincent Stamer said in a report that Eurozone purchasing managers' index data was particularly disappointing for the German industry, and Germany's boom was further away from the 50-point watershed that marked recovery. Germany's manufacturing PMI fell to 47.7 in December from 48.2 in November, in contrast to France, where the index rose from 47.8 to a 40-month high of 50.6. Speaking about Germany, Stamer said, “Obviously, the stimulus effect of falling major interest rates is not enough to offset the adverse effects of factors such as US tariffs. “However, he said that although the overall Eurozone PMI declined in December, the index continued to indicate a moderate recovery in the economy, despite the weak performance of the German industry.