FX.co ★ Germany's Private Sector Activity Nearly Stalls

The S&P Global Germany Composite PMI was revised up to 49.5 in June 2026 from a preliminary 48.0, indicating that private sector activity was close to stagnating after two consecutive months of contraction. New business and output declined overall, highlighting persistent weakness in the services sector, while manufacturing reported an increase in production. At the same time, employment decreased across the board, accompanied by slower growth in both input costs and output prices. Future expectations also weakened slightly, driven once again by softer sentiment in the services economy.