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German business activity growth ticks up to four-month high in February
Business activity growth in Germany’s private sector accelerated to a four-month high in February, reflecting improved performances in both manufacturing and services, the latest ‘flash’ HCOB PMI® survey results showed. The upturn continued to be supported by stronger demand for goods and services, with inflows of new work rising for the fourth time in the past five months. The pace of job losses meanwhile remained solid, although it slowed slightly amid a stabilisation in backlogs of work and a fractional uptick in firms’ expectations for activity over the next 12 months. As for prices, the latest data ... (full story)
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