Affected by the weakness of the manufacturing industry, German business activities are lower than expected.

In December, the growth rate of private sector activity in Germany was lower than expected, with the manufacturing sector unexpectedly recording its worst performance in ten months. The S&P Global Composite Purchasing Managers' Index fell from 52.4 the previous month to 51.5. Thanks to the continued expansion of the service sector for the fourth consecutive month, the index remained above the 50 mark. Analysts had previously expected the index to remain stable. Cyrus de la Rubia, an economist at Hamburg Commercial Bank, stated on Tuesday, "The service sector is stabilizing the overall economy and is expected to make a significant contribution to positive GDP growth in the fourth quarter." He described the manufacturing sector as "a mess."