Germany is Europe's largest industrial economy. Siemens, BASF and ThyssenKrupp are the blue-chip PMI proxies for European manufacturing cycles.
Current Signal Readings
Global PMI
···
Steel HRC
···
Verdict: Neutral. PMI at is supportive but not accelerating. German industrials face structural headwinds from energy costs and China competition. Hold — wait for PMI above 54 for a stronger buy signal.