GE Flash Services PMI

September saw Germany’s private sector economy sink deeper into contraction, according to the latest HCOB ‘flash’ PMI® survey compiled by S&P Global. Business activity in the country fell at the quickest rate for seven months, with a sharp and accelerated reduction in manufacturing production compounded by a near-stalling of growth in the service sector. The decline in employment also gathered pace as business expectations turned pessimistic for the first time in a year. Elsewhere, latest data showed a notable softening of ...

Germany’s private sector economy slipped back into contraction at the start of the third quarter, weighed down by a worsening performance across the country’s manufacturing sector, the latest HCOB ‘flash’ PMI® survey compiled by S&P Global showed. There was also a further weakening of the labour market amid a broad-based decrease in employment. On the inflation front, latest data showed a softening of the rate of increase in service sector output prices to the weakest since April 2021. Input costs and output prices in manufacturing ...

June saw a third straight monthly rise in business activity across the German private sector, but the rate of growth slowed to only a marginal pace amid a solid and accelerated drop in manufacturing production, the latest HCOB ‘flash’ PMI® survey compiled by S&P Global showed. Business optimism towards the year ahead softened, while there was also a setback for the labour market as employment fell for the first time in three months. Elsewhere, the survey continued to show sticky services inflation, although the rate at which costs ...

Business activity rose in Germany for the second month running and at a faster rate in May, the latest HCOB ‘flash’ PMI survey compiled by S&P Global showed. Alongside stronger growth in the service sector, manufacturing output moved closer to stabilisation. There was also a pick-up in hiring activity as firms reported stronger demand and greater optimism towards the outlook. Price pressures meanwhile eased across the eurozone’s largest economy mid-way through the second quarter. Businesses raised output prices at the slowest rate ...

The German private sector returned to growth at the start of the second quarter, the latest HCOB ‘flash’ PMI® survey compiled by S&P Global showed, driven by a solid rise in services business activity. Although manufacturing remained in contraction, the rate of decline in factory production eased and confidence amongst goods producers towards the outlook reached the highest for a year. On the price front, rates of both input cost and output price inflation ticked up, but they nevertheless registered broadly in line with their ...

The downturn in the German economy eased slightly in March as business activity in the country’s service sector came close to stabilising, the latest HCOB ‘flash’ PMI® survey compiled by S&P Global showed. Business confidence towards future activity meanwhile continued to improve steadily, reaching its highest level for nearly a year. However, despite a more optimistic outlook, latest data showed a renewed – albeit slight – decline in employment. Inflationary pressures meanwhile eased across the German private sector at the end of ...

February saw a further drop in business activity across the eurozone’s largest economy, in a continuation of the downturn that began in the middle of last year, the latest HCOB ‘flash’ PMI® survey compiled by S&P Global showed. The rate of contraction quickened slightly, led by a sharp and accelerated reduction in manufacturing output. Demand for goods and services continued to weaken, although employment held broadly steady as firms expressed slightly more optimism towards the yearahead outlook. February data meanwhile showed the ...

The downturn in Germany’s private sector extended into the new year as business activity fell for a seventh straight month in January, the latest HCOB ‘flash’ PMI® survey compiled by S&P Global showed. There were continued signs of broad-based weakness in demand, albeit with only limited spillover to the labour market. The mood among businesses towards the yearahead outlook meanwhile brightened slightly. On the price front, inflationary pressures remained elevated in the service sector, where firms remarked on the influence of wage ...