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$GER40 Economic malaise deepens in Germany. German private sector falls deeper into contraction, flash PMI shows. German Composite PMI Index dropped to 48.5 in August, a 5mth low, down from prior 49.1 and below the expected 49.2. Manufacturing PMI fell to 42.1 from 43.2, below the consensus estimate of 43.5. On the services side, the PMI also hit a 5mth low of 51.4, compared w/prev reading of 52.5 and analysts forecast of 52.3. The report adds to evidence that Germany's recovery has fizzled out. GDP unexpectedly contracted by 0.1% in Q2, and analysts polled by Bloomberg predict barely any expansion at all over the whole of 2024. Source: Bloomberg, HolgerZ $EWG $EBMMEX.DE $EIN.DE (Einhell Germany AG) $PAH3.DE (Porsche Automobil Holding SE) $P911.DE (Porsche AG) $VOW3.DE (Volkswagen AG) $DB (Deutsche-Bank) $DTE.DE (Deutsche Telekom AG) $LHA.DE (Deutsche Lufthansa Aktiengesellschaft) $DHL.DE (Deutsche Post AG) $AIR.PA (AIRBUS SE) $MTX.DE (MTU Aero Engines AG) $MBG.DE (Mercedes-Benz Group AG) $MBG.DE $BAYN.DE (Bayer AG) $BMW.DE (Bayerische Motoren Werke Aktiengesellschaft)