Germany's manufacturing sector continues to struggle, with the latest PMI reading coming in at 48.2 for November's final print. This marks a slight miss against expectations of 48.4, matching the previous month's figure.

The sub-50 reading signals ongoing contraction in Europe's largest economy. Manufacturing activity remains under pressure, which could ripple through to broader market sentiment and risk appetite across traditional and digital asset classes.

For context, any PMI below 50 indicates sector contraction, while above 50 shows expansion. Germany's persistent weakness in this space reflects broader challenges facing European industrial output—something traders should keep on their radar when assessing macro conditions.