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German Private Sector Grows Most In 10 Months

By Renju Jaya   ✉  | Published:  | Google News Follow Us  | Join Us
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Germany's private sector grew at the fastest pace in ten months in March amid a robust rebound in manufacturing production, flash survey results published by S&P Global revealed Monday.

The flash HCOB composite output index rose to 50.9 in March from 50.4 in February. This was the highest score since last May but it remained well below forecast of 51.2.

The improved performance in March reflected a renewed increase in manufacturing production. Meanwhile, the service sector lost momentum.

The services Purchasing Managers' Index fell to 50.2 from 51.1 in the previous month. Moreover, this was weaker than economists' forecast of 52.3.

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