-
German Output growth maintained as manufacturing strengthens
T he seasonally adjuste d Markit Flash Germany Composite Output Index rose margi nally from September ’ s 54.1 to 54.3 i n October, thereby extending the current sequence of private sector output growth to a year - and - a - half. W hen asked to comment on activity growth, panellists often mentioned higher order intakes and new contract wins. Encouragingly , manufacturing growth picked up in October, with the pace of expansion the fastest in three months. H owever, growth remained well below the levels seen at the start of the year. Meanwhile, services output rose at a slightly weaker , albeit still robust, rate . ... (full story)