The Iran war reduced the activity of Germany’s private sector for the second month
Results of a new survey show that the activity of Germany’s private sector has declined for the second consecutive month, and the Iran war has put pressure on this country’s economic growth.
This report states that the Iran war has led to a reduction in demand and an increase in prices, slowing down Germany’s economic recovery process.
The Purchasing Managers’ Index evaluates the performance of the services and industrial sectors, two sectors that make up more than two-thirds of Germany’s economy.