September PMI® survey data showed a contrast in performance between the two main areas of the German economy, with services gaining growth momentum and overtaking a slowing manufacturing sector. Overall, the pace of expansion in business activity remained robust and private sector employment levels also showed a further marked rise during the month. The IHS Markit Flash Germany Composite Output Index dipped to 55.3 in September from a six-month high of 55.6 in August. The latest reading was still the second-best seen since February and confirmed a slight improvement in the average pace of growth during the third ... (full story)