---
title: "Germany · HCOB Manufacturing PMI: 53.8 · Sep 23, 2026"
description: "US data, Sep 23, 2026: actual 53.8, forecast 54.5, previous 54.3 · BELOW FORECAST. Captured seconds after release with the live Treasury and equity reaction."
source: Helious
canonical: "https://helious.io/news/rel-ev-5fa157811cdeb5f3/germany-hcob-manufacturing-pmi-53-8"
---

ECONOMIC RELEASE
              23 Sept 2026, 07:30 UTC



# Germany · HCOB Manufacturing PMI: 53.8




           Actual53.8
           Forecast54.5
           Previous54.3

               Surprise
               -0.78σ

           VerdictBELOW FORECAST
           ReadBunds BULLISH · Equities BULLISH (rates-driven tape)


            Germany · HCOB Manufacturing PMI: Actual 53.8, forecast 54.5, prev 54.3. Surprise: BELOW FORECAST by 0.8 sigma. Desk read: Bunds BULLISH · Equities BULLISH (rates-driven tape).






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