German Private Sector Output Growth Loses Momentum in October

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Tuesday, Oct 24 2017

German Private Sector Output Growth Loses Momentum in October

Private sector output in Germany expanded at a slower pace than expected in October, dampening optimism over the health of the euro zone's largest economy, preliminary data showed on Tuesday. Market research group Markit said that its Flash German Composite Output Index, which measures the combined output of both the manufacturing and service sectors fell from 57.7 in September to 56.9 in October, missing forecasts for 57.5.

The preliminary German manufacturing purchasing managers’ index dipped to 60.5 this month from a final reading of 60.6 in September. Analysts had expected the index to slip to 60.2 in October. The flash services purchasing managers’ index declined to 55.2 this month from 55.6 in September, below expectations for a reading of 55.5.

More in this category: « French Private Sector Output Rises in October BoE ready to raise rates »

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