Mumbai, June 23 -- The latest Flash PMI(R) survey from S&P Global showed that Germany's private sector business activity declined for the third consecutive month in June, with the pace of contraction accelerating to its fastest level in one-and-a-half years.
The S&P Global Flash Germany Composite PMI Output Index fell to 48.0 in June from 48.8 in May, its lowest reading since December 2024, signalling a moderate decline in overall business activity.
The downturn was driven mainly by the services sector, where activity fell to its weakest level in more than three-and-a-half years, with the services PMI at 46.8. In contrast, manufacturing output continued to grow modestly, with the manufacturing output index rising to 50.8.
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