Germany's private sector grew at a faster pace in January, driven by higher output and renewed rise in new orders, flash survey data from S&P Global revealed Friday.
The HCOB composite output index posted 52.5 in January, a three-month high, exceeding the forecast of 51.8 from 51.3 in December.
Growth was led by the service sector, which registered a solid increase in business activity that was the quickest since last October. Meanwhile, manufacturing production returned to growth after slipping into contraction for the first time in ten months in December.
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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.