GE Final Services PMI

The latest HCOB PMI® survey showed a further loss of momentum across the German service sector as growth in business activity eased for the third month running in August. It also indicated another round of job losses, amid signs of spare capacity among businesses. As for prices, average input costs faced by service providers registered the slowest rise for three-and-a-half years. The rate of inflation was still elevated by pre-pandemic standards, however, as was the case for output prices, which rose at a rate that was slightly ...

Business activity growth eased for the second month running across the German service sector in July, the latest HCOB PMI® survey showed. The loss of momentum contributed to the first decrease in employment in the sector so far this year. Business expectations nevertheless improved slightly, albeit only partially reversing the previous month's notable decrease. On the inflation front, average prices charged by services firms registered the slowest rate of increase since April 2021, though one that was still elevated by pre-pandemic ...

Another solid rise in business activity in June ended a positive second quarter for the German service sector, albeit with the rate of expansion easing slightly. The upturns in new business and employment also slowed down, while firms' growth expectations for the coming year were at a five-month low. Business costs across the service sector meanwhile rose at the slowest rate since March 2021, although wage pressures meant that the rate at which input prices increased was still elevated by historical standards. Output price inflation ...

Business activity continued rising across the German service sector in May, with stronger underlying demand providing added impetus to the upturn, the latest HCOB PMI® survey compiled by S&P Global showed. Services firms meanwhile upped the rate of job creation as they reported increased optimism towards growth prospects in the coming year. Inflationary pressures in the economy's largest sector eased midway through the second quarter. Although still above their respective long-run averages, the rates of increase in both input costs ...

Germany's service sector made an encouraging start to the second quarter, posting the fastest rise in business activity for ten months, the latest HCOB PMI® survey compiled by S&P Global showed. The upturn was supported by growth in new business, which in turn contributed to a pick-up in the pace of job creation as backlogs of work accumulated across the sector. Activity was expected to continue rising in the year ahead. At the same time, the survey signalled stubbornly high inflationary pressures across the services economy. Both ...

Germany's service sector ended the first quarter on a more stable footing, with firms growing increasingly optimistic about the outlook, according to the latest HCOB PMI® survey compiled by S&P Global. There was also sustained job creation amongst service providers amid reports of strategic hiring. Wage pressures continued to drive up businesses' costs, but the rates of inflation in both input prices and output charges slowed noticeably from the month before. The HCOB Germany Services PMI® Business Activity Index came in at 50.1 in ...

Germany's service sector remained under pressure from weak demand midway through the opening quarter, resulting in a fifth successive monthly drop in business activity, according to the latest HCOB PMI® survey compiled by S&P Global. More positively, firms' expectations for activity over the year ahead improved to the highest since last April, which in turn supported a notable pick-up in the rate of job creation. The service sector meanwhile saw inflationary pressures intensify, with rates of increase in input costs and output prices ...

January saw business activity across Germany's service sector fall for a fourth straight month and at the quickest rate since last August, according to the latest HCOB PMI® survey, compiled by S&P Global. The decline was driven by ongoing weakness in demand, although firms refrained from staff cuts amid an improvement in expectations for activity in the coming year. Inflationary pressures meanwhile remained persistently strong. Costs rose at the fastest rate for eight months, driven by wage increases, while output price inflation was ...