Tuesday, October 19 2021

Reuters

German private sector stays on growth path in August -PMI

Activity in Germany’s manufacturing and services sectors expanded in August, a survey showed on Monday, pointing to recovering employment levels, strong demand and a rosier business outlook even though the pace of growth fell slightly. IHS Markit’s flash Purchasing Managers’ Index (PMI) showed activity in the manufacturing sector to fell a seven-month low of 62.7 from 65.9 in July. As a result, the flash composite PMI, which tracks the manufacturing and services sectors that together account for more than two-thirds of the German economy, fell to 60.6 from 62.4 in July.

Source: Yahoo Sports

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