German private sector output declines for first time since November 2012

Posted by Forexsq 946 days ago (
img April data indicated a decline in German private sector output, thereby ending a four-month period of expansion. This was highlighted by the seasonally adjusted Markit Flash Germany Composite Output Index posting 48.8 in April, below the crucial 50.0 no-change value and down from 50.6 in March. The latest reading indicated a moderate reduction in private sector business activity, with the pace of decline the fastest since October 2012.

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