Business activity growth in Germany’s service sector abruptly lost momentum in March as demand weakened amid fallout from the war in the Middle East, a survey showed this week.
The final S&P Global services PMI for Germany fell to 50.9 in March from 53.5 in February, marking its lowest reading since September and slightly below a preliminary reading of 51.2.
Phil Smith, economics associate director at S&P Global Market Intelligence,
