Germany’s Private Sector Activity Nearly Stalls

AI Summary

Germany’s private sector activity nearly stagnated in June 2026, with the S&P Global Germany Composite PMI revised to 49.5. The data indicated weakness in services, a drop in new business, but a manufacturing production rise.

The S&P Global Germany Composite PMI was revised higher to 49.5 in June 2026 from the preliminary estimate of 48, pointing to near-stagnation in private sector activity following two consecutive months of contraction. There was a drop in new business and output, reflecting weakness in the service sector while manufacturing posted a rise in production. ...