Germany’s private sector saw a loss of momentum in November, with companies recording slower increases in both business activity and new orders, according to the latest ‘flash’ HCOB PMI® survey. After coming close to stabilising the month before, employment meanwhile fell at a quicker rate amid a renewed decline in backlogs of work. Firms’ expectations for the year ahead were broadly unchanged, with stronger optimism among manufacturers being largely offset by weaker sentiment in the service sector. In line with slower growth in activity and demand, the latest data showed the rate of output price inflation tick down ... (full story)