German Growth Outlook Dims as Manufacturing, Services Weaken

German manufacturing and services expanded at the slowest pace in 16 months in November, signaling that growth in Europe’s largest economy will remain sluggish.

A Purchasing Managers Index for both industries unexpectedly declined to 52.1 from 53.9 in October, London-based Markit Economics said today. While the gauge has been above the 50-point mark that divides expansion from contraction since early last year, the reading was below the median forecast of economists for an increase to 54.