A private survey indicates the German services sector contracted at a slower pace in August, supported by improved demand and hiring.
The German services sector saw a reduction in its downturn during August, according to a private survey. The improvement was linked to stronger demand and increased hiring activity.
Further verified details on the extent of the easing were not immediately available.
Elena covers macroeconomic data and policy across the eurozone, translating industrial output, inflation and growth figures into what they mean for markets.
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