Ermany Pmi News Today

The euro area private sector growth accelerated to an 11-month high in April driven by the service sector, final survey results from S&P Global showed on Monday.

The euro area private sector expanded the most in nearly a year in April as the continuing downturn in the manufacturing activity was offset the strength in the service sector, flash survey results from S&P Global showed on Tuesday.

Germany's private sector posted another sharp contraction in February, flash data compiled by S&P Global showed on Thursday. The composite output index dropped to a four-month low of 46.

Germany's construction sector contracted sharply at the start of the year with sustained declines in activity, new orders and employment, survey results from S&P Global showed on Tuesday.

The German construction sector continued to deteriorate sharply at the end of the final quarter, impacted by the combined effect of market uncertainty and higher interest rates, survey results from S&P Global showed on Friday.

The euro area manufacturing sector ended the year firmly in the contraction territory due to the sustained decline in new orders and output, strongly supporting the view that the region has entered a recession at the end of 2023.

The euro area private sector contracted throughout the second half of the year adding to risk of recession since the third quarter, preliminary results of the purchasing managers' survey showed on Friday.

Germany's industrial production declined for the fourth straight month in September and the downturn in construction deepened further, reinforcing fears of a recession at the end of the year.

Germany's factory orders grew unexpectedly at the end of the third quarter underpinned by foreign demand, official data from Destatis showed on Monday. However, reinforcing fears of recession, Purchasing Managers' survey results suggested that the private sector contracted for the fourth straight month in October reflecting declines in both manufacturing production and services activity.

Driven by the deepening downturn in both services and manufacturing activity, the euro area private sector shrank for the fifth month in a row in October with output falling the most over a decade if the pandemic period is excluded.