German private sector activity continues to shrink

NAMPA / DPA

2024-12-16

Berlin (dpa-AFX) - Germany's private sector continued to shrink in December, albeit the pace of contraction softened due to a slight rebound in services activity, flash data from S&P Global showed on Monday. The HCOB composite output index registered 47.8 in December, up from November's nine-month low of 47.2. However, the reading is still below the 50 threshold that separates growth from contraction. The services activity re-entered the expansi......

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