According to the PMI Survey,
- Demand for services declined for the first time since February.
- Employment levels rose further but were weaker than the long-run average since records began in 1998.
- Services inflation softened across the services sector. Input costs and output prices were the softest in 42 and 41 months, respectively.
- Business confidence improved but remained subdued compared to historical levels.
Germany Lags Behind in the Euro Area the Composite PMI Table
Germany, once the Eurozone’s economic powerhouse, found itself at the foot of the Composite PMI table, highlighting its economic struggles.
Germany’s Composite PMI…
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