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German data signals slight acceleration in business activity growth
The latest survey results signalled a continuation of service sector activity growth in Germany, with the pace of expansion accelerating slightly since May. New orders increased only marginally, which enabled companies to further reduce outstanding business. Employment levels rose further and firms remained optimistic about the 12-month outlook for activity. Meanwhile, input and output prices rose at rates that were little-changed since May. German service providers reported a twenty-fifth successive monthly rise in business activity in June. This was highlighted by the seasonally adjusted final Markit Germany ... (full story)