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Germany’s private sector grows solidly at start of second quarter
Germany’s private sector economy grew solidly at the start of the second quarter. The pace of expansion stabilised after having slipped to eightmonth low in March, according to the latest PMI® survey data from IHS Markit. The rate of job creation picked up to its highest for three months; however, there was less optimism among businesses towards the outlook for activity in the year ahead amid a further slowdown in new order growth. April saw the IHS Markit Flash Germany Composite Output Index tick up to 55.3 from 55.1 in March. The latest reading pointed to a solid overall rate of business activity growth that was ... (full story)