As the current evaluations indicate, the upward trend in the German service sector continued in May thanks to renewed demand. In combination with the increasing costs due to rising wages, this, however, means persistently high price pressure across the sector. Meanwhile, the business prospects for the third month in a row were less optimistic within the year. The corresponding index fell to its lowest value since the beginning of the year. The final and seasonally adjusted HCOB Business Activity Index remained on course for growth in May for the sixth time in a row. After 56.0 points in April, it climbed to its ... (full story)