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German private sector output close to stabilisation in September
The seasonally adjusted Markit Flash Germany Composite Output Index registered 49.7 in September, up from 47.0 during August, to signal a near-stagnation of overall private sector business activity. Although still fractionally below the 50.0 nochange mark, the latest reading was the highest since April. September data indicated that a modest expansion of service sector activity broadly offset a continued reduction in manufacturing production. The increase in services output was the first since July. Meanwhile, the decline in manufacturing production slowed for the second month running in September and was the least ... (full story)
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