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German Service sector activity rebounds in October
October data highlighted accelerated growth of both output and new orders at German service providers, after rates of expansion had slowed significantly in the prior two months. The rebound in new orders encouraged companies to raise their workforce numbers despite a fourth successive monthly decline in outstanding business. Charges were raised again as input cost inflation accelerated and the 12-month business outlook improved. Latest survey results signalled a solid increase in German service sector activity, with the final seasonally adjusted Markit Germany Services PMI Business Activity rising from September’s ... (full story)