FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Germany’s manufacturing sector continued to outperform among other Euro zone players, as the Purchasing Manufacturers’ Index (PMI) rose during the month of July, although markets had expected an unchanged figure, compared to the month ago period.
The German manufacturing PMI index was revised up marginally to 53.8 for July from the 53.7 flash reading with markets expecting an unchanged figure, although this was still below June’s reading of 54.5, data released by Markit showed Monday.
Despite the slight slowdown, new orders rose for the 20th consecutive month and output posted the highest growth rate since April 2014. There was an increase in input costs for the first time on a year, while employment was increased to meet the increased volume of business.
Further, there was a similar outcome for the Eurozone as a whole with the flash reading of 51.9 revised fractionally higher to 52.0 and has signaled expansion for the past 37 months. However, output prices continued to fall, marking the slowest rate of decline for 11 months, while overall employment increased.
Meanwhile, concern is still expected to hover around France as the country’s manufacturing index failed to register an improvement and remained below the 50-point mark, despite touching a four-month high. Adding on, Italy and Spain’s manufacturing sectors pose concerns as well, with the indices at the lowest level for 18 and 31 months respectively.
