Germany’s September Flash Composite PMI Hits 16-Month High
The index rose on strong services sector growth, marking the highest level in over a year.
Summary
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Terms & Concepts
- Composite PMI: A combined measure of manufacturing and services activity, indicating overall economic performance.
- Flash PMI: An early estimate of the Purchasing Managers’ Index based on partial data, providing a preliminary view of economic trends.
- Services Industry: Sector of the economy that provides non-manufactured goods such as finance, healthcare, and hospitality.