Germany's Economic Engine Stutters: Composite Growth Slows, Manufacturing Slumps

Germany, the Eurozone's industrial powerhouse, is showing fresh signs of economic frailty, according to the latest HCOB Flash Germany PMI data for November 2025. The report indicates a broad loss of momentum across the private sector, driven by a sharper-than-expected slowdown in the dominant services sector and a worrying renewed slide into deep contraction for manufacturing.