Germany Loses Further Momentum as Manufacturing, Services Weaken

Germany’s economy stuttered again this month, with a gauge of output falling more than economists forecast to the lowest this year.

Markit Economics said its composite index of services and manufacturing dropped to 52.8 from 54.1 in April. While that’s above the 50 mark that divides expansion from contraction, it’s the second straight decline and was less than the reading of 53.8 forecast by economists in a Bloomberg survey.