German private sector growth slows in April to 11-month low: PMI

Source: TheEconomicTimes

BERLIN: Growth in Germany’s private sector slowed in April to the lowest level in nearly a year, a survey showed on Wednesday, as an upturn in the manufacturing industry was not enough to compensate a slowdown in services.

Markit’s final composite Purchasing Managers’ Index (PMI), tracking activity in manufacturing and services that together account for more than two-thirds of the economy, fell to 53.6 from 54.0 in March.

That was the weakest reading since last May, but still  ..
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