Germany's May manufacturing PMI revised higher to 50.1 from preliminary 49.9

[Germany economy and financial market growth concept, 3D rendering]

Germany’s S&P Global Manufacturing PMI was revised higher to 50.1 in May 2026from a preliminary of 49.9, continuing to point to nearly stabilization in the manufacturing sector, as uncertainty and soaring costs associated with the war in the Middle East acted as headwinds to demand.

"Business expectations have steadied, recovering somewhat from April's low, perhaps on hopes of a deal being reached to end the Middle East war. However, even if a peace agreement is reached and we start to see the Strait of Hormuz open up, there's still going to be disruption and heightened inflationary pressure in the system for some time, said Phil Smith, Economics Associate Director at S&P Global Market Intelligence.

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