BERLIN (Reuters) -Germany’s manufacturing sector showed little sign of recovery in October as production growth slowed down again, a business survey showed on Monday.

The headline HCOB Germany Manufacturing PMI inched up to 49.6 from 49.5 in September, remaining below the 50.0 threshold that separates expansion from contraction, S&P Global reported.

While output grew, the pace of the expansion slowed from September’s 42-month high, driven mainly by the investment goods segment.

New orders saw a slight uptick, returning to marginal growth after a decline in September, despite continued weakness in export sales, particularly to Asia and the U.S.

“Germany’s manufacturing sector continued to tread water in October,” said Nils Müller, an economist at Hamburg Commercial Bank AG. “A lack of d

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