The German services economy returned to growth in January, leaving the country’s overall private sector on a more stable footing at the start of the year, latest ‘flash’ PMI® data from S&P Global showed. Although still historically elevated, rates of inflation meanwhile continued to lose momentum, led by a notable cooling of manufacturing cost pressures as strain on supply chains eased. At the same time, there was renewed optimism among businesses towards the year-ahead outlook and signs of continued resilience in the labour market. The headline S&P Global Flash Germany PMI Composite Output Index came in at 49.7 in ... (full story)