German Private Sector Growth Slows in October, Flash Data Shows

03:52 AM EDT, 10/23/2026 (MT Newswires) -- Germany's private sector grew in October at a slower pace as business activity in the service sector "modestly" rose, while manufacturing output maintained "robust" growth, albeit at its softest rate since July. The S&P Global Flash Germany Composite PMI Output Index came in at 52.8, down from the 11-month high of 53.8 in September, data from S&P Global showed Friday. The reading is below the consensus estimate of 53.3, marking a two-month low but signaling business activity growth for the fourth consecutive month. For the manufacturing sector, the PMI was at a two-month high of 54.2, against the prior reading of 53.9 and market forecast of 53.5. On the services side, the PMI hit a two-month low of 51.7, compared with the previous 52.9 and consensus estimate of 52.5.