Germany's services firms recorded another moderate rise in business activity in November following a similar result in October, with the sector's growth having slowed notably since the third quarter. Near-term prospects also dimmed, as a fourth wave of COVID infections saw inflows of new business fall whilst also dampening business confidence. Latest data meanwhile showed a further squeeze on purchasing power in the economy, with services output prices rising at a new record rate in November as firms faced increased pressure from surging costs. The headline seasonally adjusted IHS Markit Germany Services PMI® ... (full story)