Economics
German Factory Growth at 15-Month Low in Sign of Uneven Economy
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German manufacturing expanded at the slowest pace in 15 months in September as new orders fell, signaling uneven momentum in Europe’s largest economy.
Markit Economics said its Purchasing Managers Index fell to 50.3 from 51.4 in August, the weakest since June 2013. Economists surveyed by Bloomberg News predicted a drop to 51.2. A gauge of services rose to 55.4 from 54.9, offsetting the drop in factory output and pushing the composite index up to 54 from 53.7. A reading above 50 indicates expansion.