Germany's private sector activity shrank further in August as manufacturing output declined sharply and service sector growth softened for the third consecutive month, flash survey results from S&P Global showed on Thursday.
The headline HCOB flash composite output index fell unexpectedly to 48.5 in August from 49.1 in July. The score was seen at 49.2.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.