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German PMI slips deeper into contraction territory in June, whilst inflationary pressures soften
The latest ‘flash’ S&P Global PMI® survey showed a third straight monthly decrease in German business activity in June, with the rate of contraction quickening slightly to the fastest seen for a year-and-a-half. The downturn reflected weakness in underlying demand and contributed to further job losses across the private sector. Elsewhere, the latest data indicated a softening of inflationary pressures, with rates of input cost and output price inflation easing to their lowest in four and three months respectively at the end of the second quarter. The S&P Global Flash Germany Composite PMI Output Index ... (full story)
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- Jun 23, 2:32am | 6 hr ago Posted by
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