-
Germany: Business activity growth accelerates to four-month high in February
February saw the upturn in Germany's service sector regain momentum as business activity growth ticked up to a four-month high, buoyed by stronger demand, the latest HCOB PMI® survey results showed. However, despite firms recording a first – albeit marginal – increase in backlogs for four months and continuing to report strong optimism towards growth prospects, there was another solid decrease in service sector employment midway through the opening quarter. The latest data showed persistent strong cost pressures facing services firms, albeit with the rate of inflation ticking down slightly since January. Average ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
China’s factory activity faltered in February as manufacturers paused production and cargo shipment to celebrate an extended holiday, an official survey showed on Wednesday. The official manufacturing purchasing managers index fell to 49 in February, according to the National Bureau of Statistics, missing economists’ forecast for 49.1. A reading below 50 ...
Latest PMI survey data from S&P Global showed that the US service sector registered only a modest pace of activity growth during February. The slowdown was accompanied by only a moderate rise in incoming new business, with both activity and sales hindered somewhat by adverse weather conditions. Nonetheless, muted demand conditions limited hiring activity ...
The latest PMIŽ data showed business conditions in China’s manufacturing sector improving at the strongest rate in over five years in February. The rate of growth in new orders accelerated notably in February, with particular strength in exports. As a result, output and purchasing was stepped up, and manufacturers grew more confident about the 12-month ...
