Germany’s Private Sector Gains Momentum, But Cracks Remain
Germany’s economy showed fresh signs of life in September as the HCOB Flash Germany Composite PMI Output Index rose to 52.4, up from 50.5 in August.
UK Growth Cools in September as Services Hold Steady but Manufacturing Falters
The UK private sector slowed in September as the S&P Global Flash UK Composite PMI Output Index fell to 51.0, down sharply from August’s 12-month high of 53.5. While a reading above 50.0 still indicates growth, this was the weakest pace since May, signaling that the UK economy’s momentum is beginning to fade.