📉 Economic activity in Germany hits a year-low with a score of 48.3 in the S&P Global's flash Composite Purchasing Managers' Index (PMI). Manufacturing slows to pandemic levels, and services growth drops for the second month. France's private sector also shrinks, with its PMI reading falling to 46.6. Concerning signs for European economies. #EconomicSlowdown #PMI #EurozoneEconomy