Germany's service sector contracts in April, manufacturing rises
Germany's service sector contracted in April, with the Business Activity Index dropping to 46.9 from 50.9 in March, indicating a decline in activity. In contrast, manufacturing saw a slight increase, with the S&P Global Germany Manufacturing PMI revised to 51.4. The Composite PMI Output Index fell to 48.4, suggesting a potential contraction in the economy for the second quarter, influenced by rising inflation and the impact of the Middle East conflict on demand.
Source: businessinsider The copyright of this article belongs to the original author/organization.
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