Germany's private sector activity improved from a five-month low, but remained marginally below the neutral level, flash survey results from Markit Economics showed Thursday.
The composite output index rose to 49.9 in May from a five-month low of 49.2 in April. A reading below 50 suggests contraction.
"The ongoing lack of growth momentum in Germany's manufacturing and service sectors could offset any boost to second quarter GDP from a weather-related rebound in construction output," Tim Moore, senior economist at Markit said.
The services activity index rose marginally to 49.8 from 49.6 in April. The reading was seen at neutral 50 level. At the same time, the manufacturing PMI came in at 49, up from 48.1 in April and consensus forecast of 48.5.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.