Germany’s private sector economy remained firmly in contraction territory in November, latest ‘flash’ PMI® data from S&P Global showed. However, the rate of decline in business activity eased and firms were less pessimistic about the year-ahead outlook. Demand continued to come under pressure from strong inflation, though even on the price front there were some encouraging signs as firms reported the slowest increase in costs for a year-and-a-half and a weaker rise in prices charged for goods and services. Despite falling workplace activity, labour market conditions remained relatively robust. The headline S&P ... (full story)