By Daniel Hunter

Marginal growth in output was recorded in the German private sector during June, but latest PMI data pointed to declining new orders and a second successive monthly fall in employment.

The seasonally adjusted Markit Flash Germany Composite Output Index posted 50.9, up from the GDP reading of 50.2 in May. Overall growth in output was largely reflective of higher activity in the service sector (51.3), while manufacturing production was broadly unchanged (50.1).

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