German business activity falls for third month running, but cost pressures ease substantially | Metals Mine

  • German business activity falls for third month running, but cost pressures ease substantially

    From pmi.spglobal.com

    Germany's services firms recorded a third straight monthly decrease in business activity in June, with weak demand continuing to weigh on the sector, the latest PMI® survey results showed. The pace of contraction in activity did however slow slightly, with the same also applying to the rate of job losses. Notably, there was a sharp slowdown in the rate of input price inflation across the service economy at the end of the second quarter, which allowed for a weaker rate of increase in prices charged. The headline S&P Global Germany Services PMI® Business Activity Index is based on a single question asking how the ... (full story)

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HarpexMars
13 hr ago
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Germany is a great economic model that given the chinese EV dominance should get out of the assembly line mentality and transition towards a better deserved technological status, possibly finding an ideal manufacturing partner inside the EU that can take care of its production needs while focusing on higher value activities. All the best to a friend country that once welcomed me so warmly making my life richer by changing my way of seeing things.
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