German Private Sector Slides Deeper Into Contraction on Services
Berlin.
Photographer: Krisztian Bocsi/BloombergThis article is for subscribers only.
The contraction in Germany‘s private-sector activity worsened in November, dealing another blow to an economy that’s now grappling with a government collapse alongside flat-lining growth.
The composite Purchasing Managers’ Index by S&P Global dipped to a nine-month low of 47.3 from 48.6 in October —holding below the 50 threshold separating expansion from contraction, data Friday showed. Analysts predicted a reading of 48.7.