German service sector ends second quarter on a more stable footing

From pmi.spglobal.com

Business activity came close to stabilising across Germany's service sector at the end of the second quarter, registering only a fractional decrease that was the weakest in the current three-month sequence of contraction, the latest HCOB PMI® survey showed. The declines in new business and backlogs of work also eased, while there was a slight pick-up in the pace of job creation as firms expressed greater optimism towards the outlook. Inflationary pressures meanwhile continued to ease across the services economy, with latest data showing slightly slower rates of increase in both firms' input costs and average prices ... (full story)