- Analytics
- News and Tools
- Market News
- October data highlighted a solid rise in private sector output in Germany
October data highlighted a solid rise in private sector output in Germany
According to Markit, October data highlighted a solid rise in private sector output in Germany. The Markit Flash Germany Composite Output Index recovered from September's 16-month low of 52.8 and posted 55.1, thereby signalling an acceleration in the rate of growth.
Moreover, underlying data revealed that faster expansions were recorded at both manufacturers and service providers. The increase in overall activity was supported by the sharpest rise in new business this year so far. Demand for German services picked up, having increased only marginally in the prior month.
Meanwhile, new orders placed with manufacturers continued to rise at a solid pace. Part of the increase was attributed to stronger demand from foreign clients, with Asia and the US mentioned specifically as sources of export growth.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
