India, June 23 -- Germany's private sector contracted at the fastest pace in a year-and-a-half in June, flash data from S&P Global showed on Tuesday.
The flash composite output index registered 48.0 in June, down from 48.8 in May. The score was forecast to rise to 49.9. The reading was the lowest recorded since December 2024.
The latest decrease was centered on the service sector, which recorded its worst performance in over three-and-a-half years in June. The services PMI declined unexpectedly to 46.8 from 48.1 in the prior month. The expected reading was 49.0.
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