German private sector growth slows in April, PMI shows

Germany's private sector grew at a slower pace in April as services shifted into a lower gear but factory activity remained high, a survey showed on Friday, suggesting Europe's biggest economy is likely to carry its upswing into the second quarter.Markit's flash composite Purchasing Managers' Index (PMI), which tracks the manufacturing and services activity that accounts for more than two-thirds of the economy, fell to 56.3 from 57.1 in March, which was a 70-month high.IHS Markit economist Trevo