German service sector growth slows sharply in March amid renewed weakness in demand

From pmi.spglobal.com

March saw an abrupt slowdown in business activity growth across the German service sector, the latest PMI® survey results showed. The near-stalling of growth reflected renewed weakness in demand, which was in turn linked by businesses to the fallout from the war in the Middle East. A surge in cost pressures – again linked to the Middle East conflict – was recorded at the end of the first quarter, but this was largely absorbed by firms as average prices charged posted the slowest rise for three months. The headline S&P Global Germany Services PMI® Business Activity Index is based on a single question asking how ... (full story)