German services sector activity contracts in August

Published 03/09/2025, 09:28
German services sector activity contracts in August

Investing.com -- German services sector activity contracted slightly in August, reversing a marginal expansion seen in July, according to a survey released Wednesday.

The HCOB Germany Services PMI fell to 49.3 in August from 50.6 in July. A reading below the 50 mark indicates a contraction in activity, while figures above that threshold signal growth.

The decline was accompanied by a continued shrinking of new business in the sector, the survey showed.

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