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Economic upturn in Germany’s private sector accelerates in April
German private sector companies reported solid activity growth at the start of the second quarter, as highlighted by the Markit Flash Germany Composite Output Index rising from 54.3 in March to 56.3. The latest reading was the second-highest in nearly three years and stretched the current period of growth to 12 months. Survey participants commented that an improved economic environment and increased order intakes were the main contributors to the latest expansion. The acceleration in output growth was broad-based by sector with both manufacturers and service providers signalling sharper expansions. Goods producers ... (full story)
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