German services sector continues to grow solidly

|By:, SA News Editor

Germany's services PMI fell to 52.9 (flash 52.3) in October from 53.7 in September but remained well in expansion territory.

Composite output was unchanged at 53.2 (flash 52.6).

"The latest survey indicates a continued improvement in the German economy at the start of the fourth quarter," says Markit. "However, subdued employment trends during October highlighted a greater degree of caution in terms of job hiring within the German private sector."

The DAX is +0.4%. (PR)

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