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German service sector business activity growth softens in November
Firms in Germany's service sector recorded a rise in business activity for the third straight month in November, although the rate of growth slowed from October's recent high, according to the latest HCOB PMI® survey results. Similarly, there were softer increases in both new business and employment. A renewed reduction in backlogs of work was seen alongside a weakening of firms' growth expectations for the coming year, which fell to the lowest since June. As for inflation, the latest survey results showed a slowdown in the rate of increase in prices charged by services firms to the second-lowest in over ... (full story)
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