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German economy remains in contraction in October
The German economy remained in contraction at the start of the fourth quarter, according to latest HCOB ‘flash’ PMI® survey compiled by S&P Global. Manufacturing remained the main drag, although October also saw a renewed decline in the service sector. There further signs of weakness in activity spilling over to the labour market as employment fell for the second month running and at a slightly quicker pace. The mood among businesses remained one of pessimism. On the price front, the rate of inflation in average prices charged for goods and services was up just a fraction from September’s two-and-a-half year ... (full story)
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