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German business activity growth remains solid but loses some momentum in June
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 also remained stubbornly high, and even ticked up slightly from May's recent low. The ... (full story)
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- Posted: Jul 3, 2024 3:55am
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 2,676
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