German business growth slows in October
Germany business activity growth softened in October as inflows of new work rose modestly. The S&P Global Flash Composite PMI fell to 52.8 from 53.8 in September.
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Germany's private sector growth slowed in October as new orders rose modestly, according to preliminary survey data released Friday. The S&P GLOBAL INC Flash Composite PMI fell to 52.8 from 53.8 in September, missing the 53.3 consensus forecast by economists polled by Reuters. Despite the decline, the reading marked the fourth consecutive month above the 50 expansion threshold.
