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the German private sector economy increased for the fourth successive month in
August, and to a larger extent than estimated earlier, final data from a survey
conducted jointly by Markit Economics and BME showed Wednesday.
seasonally adjusted composite output index, a measure of activity in the
manufacturing sector and the service sector, rose to a seven-month high
At the same
time, the business activity index for the service sector advanced to a 6-month
The improvement in service sector business activity were driven by a further growth in new work during August, which rose at the fastest pace since January. Responding to the increase in activity, service providers raised their workforces for a second successive month, though at a slower rate than in July.
Average input prices faced by German service providers increased sharply in August amid higher energy bills and fuel prices. Meanwhile, output prices increased only moderately and at a slower pace than in the previous month.
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