Germany's private sector expanded for the first time in ten months in April driven by a solid rise in services activity, survey results from S&P Global showed on Tuesday.
The flash composite output index rose more-than-expected to 50.5 in April from 47.7 in the previous month. The reading was seen at 48.6.
The services Purchasing Managers' Index posted a ten-month high reading of 53.3 in April, up from 50.1 in the previous month. Economists had forecast the index to climb to 50.6.
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by Renju Jaya
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