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Germany: Modest output growth maintained at start of third quarter
German private sector companies reported a further rise in output in July, as highlighted by the seasonally adjusted Markit Flash Germany Composite Output Index remaining above the neutral 50.0 threshold. At 53.4, down marginally from 53.7 in June, the index was indicative of a slight slowing in the pace of expansion. Service providers continued to report stronger growth of output than manufacturers . While output increased at a fractionally slower pace , companies reported a slight - pick up in the rate of growth in new business to a three - month high . Anecdotal evidence partly attributed the latest increase in ... (full story)
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