Activity in Germany's services sector grew at the strongest pace in four mo...
BERLIN - Activity in Germany’s services sector grew at the strongest pace in four months in December, a survey showed on Monday, bringing a strong end to an otherwise weak quarter for the euro zone’s largest economy.
IHS Markit’s final services index rose to 52.9 from 51.7 in November. The figure was much higher than the flash reading of 52.0 and far above the 50.0 mark that separates growth from contraction. “Despite a final flurry from the service sector in December, it’s looking like stagnation at best for economic growth in the final three months of the year,” said Phil Smith, principal economist at IHS Markit.
The final manufacturing PMI published last week showed that activity in the sector had contracted for the 12th month in a row in December.
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