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- Germany's final services PMI falls to 55.1 in March
Germany's final services PMI falls to 55.1 in March
Markit Economics released final services purchasing managers' index (PMI) for Germany on Tuesday. Germany's final services purchasing managers' index (PMI) fell to 55.1 in March from 55.3 in February, down from the preliminary reading of 55.5.
The index was mainly driven by a slower growth in new orders.
"The German service sector continued to expand at a solid pace at the end of the first quarter, although activity and new order inflows both increased at weaker rates. Moreover, a closer look at the sub-indices highlights some concerns that growth may slow further in coming months," an economist at Markit, Oliver Kolodseike, said.
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