Germany’s economic pain eases as French slump persists
Private-sector activity declined at a slower rate than in the previous month, new PMI reveals
Germany’s contraction eased in November in a signal that growth will return to the euro area’s biggest economy after a likely recession this year.
Private-sector activity declined at a slower rate than in the previous month and less than economists had expected, according to business surveys published by S&P Global on Thursday. Both manufacturing and services saw improved conditions, with new orders falling more moderately.
“Despite remaining in recession territory, the rate of slowdown has ...