German manufacturing upturn holds firm in September, PMI shows

BERLIN, Oct 1 (Reuters) - ‌Germany's manufacturing ​sector ​sustained its upturn in September as production levels and new orders once again ‌registered strong growth despite renewed inflationary pressures ⁠stemming from the global energy markets, a business survey showed ‌on Thursday.

• The S&P ‌Global final Purchasing Managers' Index for German manufacturing fell slightly, to 53.9 in September from ​54.3 the month before but above a preliminary reading of 53.8.

• Production rose for ⁠a ninth straight month, easing only slightly after August's fastest expansion ​in more than four-and-a-half years.

• New orders also increased for a fourth month, with ​export sales growing again on ‌demand from Asia, Europe and the US.

• "The numbers add to the growing ⁠narrative that economic conditions are holding up better than expected in the face of elevated energy prices ⁠and rising long-term interest rates," said Phil Smith, economics associate ​director at S&P Global Market Intelligence.

• Cost pressures intensified in September after easing in the previous three months, with ‌input price inflation rising to its highest since June, while output price ‌inflation edged up to a three-month high.

• Good ⁠producers' output expectations ‌over the coming ​12 months reached their highest level since February.

(Reporting by Miranda Murray; Editing by Toby ‌Chopra)

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