Prelude to the Best Sommelier of Canada Contest | SaltWireBERLIN - Business activity in Germany contracted for a fourth straight month in October as manufacturing's downturn was matched by a renewed decline in services, a preliminary survey showed on Tuesday, suggesting a recession is well underway.
"Germany is kicking off the final quarter on a sour note," said Cyrus de la Rubia, chief economist at Hamburg Commercial Bank, adding that with the drop in the composite PMI,"there is much to suggest that a recession in Germany is well underway." A steep rise in operating expenses, linked to wage demands and inflation, as well as a dip in new business had brought service providers below the 50 mark, according to the survey.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오: