German Private Sector Grows With Industry Closer to Turnaround

Germany’s private-sector economy returned to growth this month, buoyed by the best manufacturing performance since 2022 that shows the sector’s prospects may finally be improving.

S&P Global’s Composite Purchasing Managers’ Index for Europe’s largest economy climbed to 50.4 in June from 48.5 in the previous month. Analysts polled by Bloomberg had expected it to remain below the 50 mark separating expansion from contraction.

The manufacturing sector came closer to ending almost three years in recession as the PMI indicator rose to 49, the highest level since August 2022. Services also stabilized after a slump in May, bolstering expectations that the ...