The headline S&P Global Flash Germany PMI Composite Output Index fell for the fourth month in a row in June, signalling a sustained loss of momentum in the private sector economy. At 51.3, the latest reading was down from 53.7 in May and the lowest since the fourth wave of the COVID pandemic in December last year. Services growth slowed to a five-month low (index at 52.4) amid a waning of demand and some reports of staff shortages, while manufacturing output contracted for the second time in the past three months. Powered by Commodity Insights
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