Germany Services Growth Slows in October
Germany services sector expanded for a second straight month in October but at a slower pace. New business fell and weaker demand weighed on hiring as growth lost momentum.
Perspectivas:
Germany's services sector expanded for a second straight month in October, with the PMI falling to 52.5 as demand slipped. The drop follows September's 52.9 reading, signaling a loss of momentum across the broader economy. Investors are monitoring the slowdown as employment figures contract for the first time since July.