India, April 23 -- Germany's private sector fell into the contraction territory in April as trade tariff concerns damped business confidence and demand, flash purchasing managers' survey by S&P Global revealed Wednesday.
The composite output index fell to 49.7 in April from 51.3 in March. The score fell below the 50.0 no-change mark for the first time in four months.
The renewed contraction was led by the service sector, which shrank for the first time since last November. Meanwhile, manufacturing production expanded for the second consecutive month.
The services Purchasing Managers' Index fell to a 14-month low of 48.8 from 50.9 a month ago. At the same time, the factory PMI registered 48.0 compared to 48.3 in March.
The lower intakes ...