Germany's private sector growth weakened more than initially estimated in April, data from Markit revealed Wednesday.
The composite output index fell to 54.1 in April from an eight-month high of 55.4. It was also below the flash score of 54.2. The latest index reading still indicates solid output growth.
The services Purchasing Managers' Index dropped to 54 from 55.4 in March. The flash estimate was 54.4. The rate of growth slowed to the weakest since January.
New business of service providers increased at a weaker rate, resulting in the slowest pace of job creation in just over a year.
Meanwhile, input costs increased at the fastest pace since May of last year and companies raised their charges further. Optimism towards the 12-month outlook remained elevated despite dipping slightly since March.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.