German Output growth slows slightly as manufacturing loses momentum
From markiteconomics.com
The seasonally adjusted Markit Flash Germany Composite Output Index fell from July’s 55.7 to 54.9 in August, signalling a strong, albeit weaker , expansion in German private sector output . Increased new work remained the main driver behind higher activity, according to panellists. The current sequence of continuous activity growth now stretches to 16 months. The service sector remained the driving force behind the overall expansion, with the rate of activity growth remaining close to July’s 37 - month high . Manufacturing output growth meanwhile eased , and was the weakest since June last year. New orders placed at ...
(full story)