the German service sector in May, reflecting a backdrop of subdued demand and elevated cost pressures, the latest PMI® survey results showed. Positively, the rate of contraction eased and firms' expectations for activity over the next 12 months rebounded from April's low. The headline S&P Global Germany Services PMI® Business Activity Index is based on a single question asking how the level of business activity compares with the situation the month before. A reading below 50.0 signals contraction, and the further below 50.0 the faster the rate of contraction signalled. The headline Business Activity Index ... (full story)