Business activity returned to growth across Germany in June, ticking up slightly after falling for the first time in five months in May, according to the latest HCOB ‘flash’ PMI® survey data. The upturn was led by the manufacturing sector and supported by a first increase in overall new orders for more than a year. Firms in the eurozone’s largest economy nevertheless continued to trim workforce numbers and were a little less optimistic about the year-ahead growth outlook than the month before. On the price front, the rate of inflation in average charges for goods and services ticked up from May’s seven-month low, ... (full story)