Business activity across Germany fell for the third month in a row in September amid a sustained decline in demand for goods and services, according to latest HCOB ‘flash’ PMI® survey compiled by S&P Global. The weaker demand environment saw average output prices rise at the slowest rate for over two-and-a-half years, despite an intensification of cost pressures. Employment meanwhile fell for the first time since December 2020, albeit only slightly, as businesses reported shrinking backlogs of work and pessimistic expectations for activity in the year ahead. The headline HCOB Flash Germany Composite PMI Output ... (full story)