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Slowest growth of German private sector output so far this year
German private sector output growth eased further from January’s 19-month high. This was highlighted by a fall in the seasonally adjusted Markit Flash Germany Composite Output Index to 51.0 in March, from 53.3 in February. This was the lowest reading for three months and indicated only a marginal pace of overall expansion. Moreover, the headline index dropped 2.3 points since February, representing the most marked month-on-month slowdown since July 2011. In conjunction with March data indicated weaker performances in both the manufacturing and service sectors. Service providers indicated that business activity
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