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German service sector loses momentum in September amid fall in new business
Growth of business activity across Germany's service sector slowed sharply in September amid signs of weaker demand, latest PMI® data from IHS Markit showed. Expectations towards the outlook also remained subdued. Nevertheless, the pace of job creation across the service sector was relatively resilient, with employment continuing to rise at a historically strong pace. September saw the headline seasonally adjusted IHS Markit Germany Services PMI Business Activity Index – which is based on responses to a single question asking about changes in the volume of business activity compared with one month previously – ... (full story)