Latest PMI® showed a rise in business activity across the German service sector for the first time in six months in March, helped by the easing of lockdown measures and recovering confidence among clients. Firms' expectations for activity meanwhile hit a three-year high, amid hopes that progress in the vaccine rollout would allow restrictions to be lifted further in the coming months. The progress seen in activity and business sentiment translated into a sustained upturn in employment across the sector, despite firms reporting increased pressure on margins from rising costs. March saw the headline seasonally adjusted ... (full story)