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German Expansion Slows With Manufacturing Growth at Two-Year Low

  • IHS Markit composite index falls to 55.3; economist est. 55.4
  • Measure of expected future output tumbles; new orders stall

Germany’s economic expansion lost further momentum in September as growth in the manufacturing industry slowed to the weakest in two years.

IHS Markit’s Purchasing Managers’ Index of manufacturing and services fell to 55.3 in from 55.6 in August, IHS Markit said on Friday. Economists had forecast a decline to 55.4.