German Business Activity Slows More Than Expected on Services - Bloomberg
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By Mark Schroers
October 23, 2026 at 9:30 AM GMT+2 (Updated: October 23, 2026 at 9:33 AM GMT+2)
Germany’s private sector slowed more than anticipated as high inflation weighed on the services industry.
According to S&P Global’s Composite Purchasing Managers’ Index, which fell to 52.8 in October from 53.8 the previous month:
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Key Takeaways:
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The index remained above the 50 threshold separating expansion from contraction.
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Analysts had expected a smaller dip to 53.4.
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