Key facts
- Composite PMI fell to 52.8 in October, below economists' forecast of 53.3.
- Manufacturing PMI rose to 54.2, a two-month high.
- Services PMI fell to 51.7.
- Inflation in prices charged reached a seven-month low.
Germany's private sector growth softened in October, with the S&P Global Flash Composite PMI falling to 52.8 from 53.8 in September, indicating a slower pace of expansion. The reading, however, remained above the 50 mark, signaling continued growth for the fourth consecutive month. Economists had anticipated a reading of 53.3. Factory production continued to rise robustly, with the manufacturing PMI increasing to 54.2, while services activity saw a more modest increase to 51.7. New business inflows across the private sector saw only a slight rise, with demand in services affected by delayed customer decisions and tighter budgets.