The S&P Global Flash Germany Manufacturing PMI slipped to 50 in June 2026 from 50.1 in May, falling short of expectations of 50.5. This marked a five-month low, indicating that factory activity has largely stalled despite a marginal acceleration in output growth. New orders in manufacturing edged slightly higher, with a similar uptick recorded in new export business. However, overall momentum remained weak. Meanwhile, cost inflation eased but stayed elevated by historical standards. Manufacturer expectations improved for a second consecutive month, though sentiment remained subdued overall.