Germany's private sector growth hit a 16-month high in September on a renewed upturn in the service sector, flash survey results from S&P Global revealed on Tuesday.
The HCOB composite output index rose to 52.4 in September, while it was expected to remain unchanged at 50.5.
The reading stayed above the 50.0 threshold for a fourth straight month and signaled the quickest expansion in the private sector since May 2024.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.