The German private sector maintained strong momentum in its recovery, latest flash’ PMI® data from IHS Markit showed, with the survey’s headline index reaching a record high in July. Buoyed by strengthening demand and growing capacity pressures, firms took on staff at an unprecedented rate during the month. On the price front, rates of increase in input cost and output charges showed a slight correction from May’s record highs, but nevertheless pointed to ongoing strong inflationary pressures as supply struggled to keep pace with demand. July saw the headline Flash Germany PMI Composite Output Index rise from June’s ... (full story)