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Economic Buzz: German Private Sector Weakens To Eight-Month Low In October
22-Oct-21   16:34 Hrs IST

Germany's private sector growth weakened to an eight-month low in October, flash survey results from IHS Markit showed on Friday. The headline composite output index fell more-than-expected to 52.0 in October from 55.5 in the previous month. The expected level was 54.0. The index has fallen in each month since hitting a record high in July. Nonetheless, a reading above 50.0 indicates expansion in the sector. The manufacturing Purchasing Managers' Index fell to a nine-month low of 58.2 from 58.4 in September. At the same time, the services PMI declined to 52.4 from 56.2 a month ago.

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