Coronavirus hammers German service sector in March - PMI
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BERLIN (Reuters) - The coronavirus outbreak has plunged business activity in Germany's private sector to the lowest level since the global financial crisis in 2009, driven by a record contraction in the service sector, a survey showed on Tuesday.Markit's flash composite Purchasing Managers' Index (PMI), which tracks the manufacturing and services sectors that together account for more than two-thirds of the economy, tumbled to 37.2 in March from 50.7 in February.This undershot the consensus..