Germany's private sector growth accelerated to a four-month high in February, underpinned by improved performances in manufacturing and services, flash survey results from S&P Global revealed Friday. The HCOB flash composite output index registered 53.1 in February, up from 52.1 in January. This was the highest score since last October and well above economists' forecast of 52.3.
"Hurray, German industry is growing again," Hamburg Commercial Bank Chief Economist Cyrus de la Rubia said. "For the first time in more than three-and-a-half years, the headline manufacturing PMI is back in expansionary territory," de la Rubia added.
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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.