India, March 24 -- Germany's private sector grew at the fastest pace in ten months in March amid a robust rebound in manufacturing production, flash survey results published by S&P Global revealed Monday.
The flash HCOB composite output index rose to 50.9 in March from 50.4 in February. This was the highest score since last May but it remained well below forecast of 51.2.
The improved performance in March reflected a renewed increase in manufacturing production. Meanwhile, the service sector lost momentum. The services Purchasing Managers' Index fell to 50.2 from 51.1 in the previous month. Moreover, this was weaker than economists' forecast of 52.3.
The manufacturing PMI climbed to 48.3 in March from 46.5 a month ago. The score was seen...