German private sector output rises at solid pace, but growth eases from January’s 19-month high

From markiteconomics.com

German private sector business activity increased for the third month running in February, largely supported by a robust expansion of service sector output. Adjusted for seasonal factors, the Markit Flash Germany Composite Output Index posted 52.7, down from 54.4 in January but comfortably above the 50.0 value that separates expansion from contraction. The latest reading was close to the long-run series average (53.0) and signalled a solid rise in overall business activity during February. Latest data indicated a marked increase in service sector output, despite the pace of expansion easing from January’s 19-month ... (full story)