• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

German services sector drives growth as recovery persists- PMI

September 3, 2021 by David Barret Leave a Comment

September 3, 2021

BERLIN (Reuters) – Activity in Germany’s services sector expanded at a strong pace in August, albeit slightly weaker than in the previous month, as businesses which had been hit by coronavirus lockdowns catered for pent-up demand, a survey showed on Friday.

IHS Markit’s final PMI services index found that activity in the sector had fallen slightly to 60.8 from 61.8 in July. The reading was also lower than a flash value of 61.5.

The composite PMI index, which comprises both the services and manufacturing sectors, fell to 60.0 from 62.4 in July, reflecting the continued recovery of the manufacturing sector. The reading was lower than a flash figure of 60.6.

“The service sector followed up July’s record performance with another sharp increase in business activity in August, and has taken the mantle from manufacturing as the main driver of growth,” said Phil Smith, Associate Economics Director at IHS Markit. “Although the rate of expansion on a monthly basis looks like it has passed its peak, the scene is already set for strong growth in the third quarter, even if we were to see a further loss of momentum in September.”

“The Delta variant is a risk to service sector demand in the near term,” he added. “But looking ahead, businesses remain optimistic that conditions will have improved come this time next year, with many still hoping for an end to the pandemic and an associated recovery in travel activity.”

This optimism was reflected in a rapid pace of job creation, the survey showed.

(Reporting by Joseph Nasr; Editing by Toby Chopra)

Source Link German services sector drives growth as recovery persists- PMI

David Barret
David Barret

Related posts:

  1. Islamic State ‘Beatle’ to plead guilty to U.S. terrorism charges
  2. With a little help from their friends: how The Sims 4’s community has helped shape the game
  3. Pancake aims to make customers flip for its virtual home design platform
  4. Best cordless vacuum 2021: The top models for pet hair and hardwood floors we’ve tested

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • 20 Years After Hurricane Katrina: Is It Time For A New Approach To Hurricane Classification?
  • Dog Named Scribble Replicates Quantum Factorization Records – So We Tried It Too
  • How Old Is The Solar System? (And How Can We Tell?)
  • Next Week, A Record-Breaking Over 7 Billion People Will See The Total Lunar Eclipse
  • The Goblin Shark Has The Fastest Jaws In The Ocean, Firing Like A Slingshot At Speeds Of 3.1-Meters-Per-Second
  • We Thought Geological Boundaries Were Random. Now, A New Study Has Identified Hidden Patterns
  • Do Fish Sleep?
  • The Biblical Flood Myth That Inspired Noah’s Ark Had A Sinister Twist
  • Massive Review Of 19 Autism Therapies Finds No Strong Evidence And Lack Of Safety Data
  • Giant City-Swallowing Cracks In Earth’s Surface Are A “New Geo-Hydrological Hazard”
  • Three Incredible Telescopes Looked At The Butterfly Nebula To Learn Where Earth Came From
  • The Pacific Ocean Is So Vast It Contains Its Own Antipodes
  • World’s Tallest Bridge Over “Crack In The Earth” Gets Daunting Load Test By Fleet Of 96 Trucks
  • Mars’s Interior Still Has Evidence Of Ancient Impact, Dead NASA Mission Tells Us
  • A Soviet Physicist Once Survived A Proton Beam Through The Head – This Is How
  • Outstanding Photos Show First Baby Planet Growing In The Grooves Of A Stellar Disk
  • The “Plague Of Justinian” May Have Been The First Pandemic. DNA At A Mass Grave Has Finally Identified Its Cause.
  • Michelson And Morley’s “Failed” 1887 Experiment Changed The Course Of Physics, And Put The Aether To Bed
  • Only 19 US States Require School Sex Education To Be Medically Accurate, Finds Sweeping Review
  • Do Any Frogs Or Toads Give Birth To Live Young? Just One: Meet The Western Nimba Toad
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version