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Markit's final composite Purchasing Managers'
Index (PMI), which tracks growth in the manufacturing and
services sectors, fell to 54.0 in June from 55.6 in May.
That was well above the 50 mark that separates growth from
contraction but was the lowest level since October last year and
also came in below a flash estimate of 54.2.
The services sector PMI fell to 54.6 in June from 56.0 a month
earlier and also below the 54.8 flash estimate, but Markit said
the sector had grown at the fastest rate in three years in the
second quarter.
"While the services sector is clearly making a strong
contribution to growth in the German economy, the manufacturing
sector lost some momentum in June," said PMI economist Oliver
Kolodseike.
He said Germany looked on course for 0.7 percent economic growth
in the second quarter, which would be just down from 0.8 percent
growth in the first three months of the year.
Economists and the government expect growth to ease slightly,
with the government forecasting a 1.8 percent expansion overall
this year.
(Reporting by Annika Breidthardt; Editing by Hugh Lawson)
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