German private sector downturn eases in October

NAMPA / DPA

2024-10-24

Berlin (dpa-AFX) - Germany's private sector downturn slowed marginally in October as output dropped at a slightly slower pace and business expectations picked up, the latest HCOB Purchasing Managers' survey compiled by S&P Global showed Thursday. The flash composite output index rose to 48.4 in October from September's seven-month low of 47.5. The score was also above forecast of 47.6. Nevertheless, the reading remained below the 50.0 threshold s......

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