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German Factory Orders Growth Accelerates; Private Sector Expands For Second Month

Germany's factory orders growth accelerated in February driven by higher demand for motor vehicles and automobile engines and the overall private sector expanded for the second straight month in March reflecting the upturn in the service sector.
Ralph Solveen Phil Smith Commerzbank Senior Economist Ralph Solveen Ermany Pmi Ermany Services Pmi Ermany Composite Pmi

German services sector activity grows at fastest pace in March

German services sector activity grew in March at the fastest pace since last May as demand strengthened and spurred job creation, a business survey showed. S&P Globalโ€™s final services Purchasing Managersโ€™ Index (PMI) for Germany rose to 53.7 in March from 50.9 in February, climbing well above the 50.0 threshold that separates growth
Phil Smith Thomas Gitzel European Central Bank Vp Bank Group Purchasing Manager Index Joint Economic Forecasts

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