June saw a third straight monthly rise in business activity across the German private sector, but the rate of growth slowed to only a marginal pace amid a solid and accelerated drop in manufacturing production, the latest HCOB ‘flash’ PMI® survey compiled by S&P Global showed. Business optimism towards the year ahead softened, while there was also a setback for the labour market as employment fell for the first time in three months. Elsewhere, the survey continued to show sticky services inflation, although the rate at which costs increased in the sector eased to the slowest since March 2021. Manufacturing input and ... (full story)