India, July 24 -- Germany's private sector returned to expansion territory in July for the first time in four months, purchasing managers' survey data from S&P Global revealed Friday.
The flash composite output index climbed more-than-expected to 51.2 in July from 49.5 in the prior month. The reading was forecast to rise to 49.8.
Growth was centred on the manufacturing sector, where output increased to the greatest extent for almost four-and-a-half years. Meanwhile, activity in the service sector came close to stabilization.
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