Germany's private sector contracted at a slower than estimated pace in April, final data from Markit Economics showed Monday.
The composite Purchasing Managers' Index fell to 49.2 in April from 50.6 in March, but above the initial estimate of 48.8.
Similarly, the services PMI decreased to 49.6 from 50.9 a month ago. However, it was slightly above the preliminary estimate of 49.2.
The decline in services sector was driven by a fall in new orders. But firms were optimistic about the activity over the next twelve months. Expansion plans prompted firms to increase their number of employees.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.