Markit issues its flash PMI for Germany and several other nations:
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 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).
The news from France was much worse:
Business activity in the French private sector fell at a slower pace in June. The Markit Flash France Composite Output Index, based on around 85%of normal monthly survey replies, rose for the third month running to 46.8, from 44.6 in May. The latest reading was the highest for ten months. Weaker falls in output were signalled by both manufacturers and service providers in June. In
the case of the former, the latest decline was the slowest in 16 months, while the latter registered the least marked drop in ten months.
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