German private sector shrinks in September for first time in over six years: PMI

German private sector activity shrank for the first time in 6-1/2 years in Septe...

FILE PHOTO: Employees of German car manufacturer Porsche work on a Porsche 911 at the Porsche factory in Stuttgart-Zuffenhausen, Germany, February 19, 2019. REUTERS/Ralph Orlowski/File Photo

Markit’s flash composite Purchasing Managers’ Index , which tracks the manufacturing and services sectors that together account for more than two-thirds of the economy, fell to 49.1 from 51.7 in the previous month.

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