Mumbai, Sept. 3 -- Germany's private sector expanded faster in August, S&P Global said in its report published on Thursday. The Composite Purchasing Managers' Index (PMI) Output Index, which combines services and manufacturing results, rose from July's 51.3 to a five-month high of 51.8.
The Services PMI Business Activity Index declined from 49.8 the previous month to 49.7, remaining below the 50-point threshold separating growth from contraction. New business increased for a second consecutive month, while services employment grew for the first time in eight months.
Published by HT Digital Content Services with permission from Capital Market....