Germany March flash manufacturing PMI 51.7 vs 49.5 expected

Latest data released by HCOB - 24 March 2026 Prior 50.9Services PMI 51.2 vs 52.5 expectedPrior 53.5Composite PMI 51.9 vs 52.0 expectedPrior 53.2I would ignore the headline figures as they don't reflect the real picture. The commentary is clearly pointing to stagflationary pressures from the US-Iran war and the longer it persists, the worse the negative impact on… Prior 50.9 Services PMI 51.2 vs 52.5 expected Prior 53.5 Composite PMI 51.9 vs 52.0 expected Prior 53.2 I would ignore the headline figures as they don't reflect the real picture. Prior 50.9 Services PMI 51.2 vs 52.5 expected Prior 53.5 Composite PMI 51.9 vs 52.0 expected Prior 53.2 I would ignore the headline figures as they don't reflect the real picture. The commentary is clearly pointing to stagflationary pressures from the US-Iran war and the longer it persists, the worse the negative impact on the economy will be. Key Points: Business activity growth slows as costs spike higher in March… For traders, the practical value is less about the headline alone and more about how it changes context, sentiment and the quality of the next decision. Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.