Economics
Manufacturing Keeps German Economy on a Recovery Path
- Services sector suffers amid rise in coronavirus cases
- Composite PMI dipped to a three-month low in September
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German factories kept Europe’s biggest economy moving in the right direction this month as virus concerns took a toll on services.
IHS Markit’s manufacturing Purchasing Managers Index jumped to 56.6 in September -- the highest in more than two years -- from 52.2 in August. In contrast, the services index fell to 49.1, knocking the combined composite gauge to a three-month low.