May data indicated a stabilisation of German private sector business activity, with both manufacturing and services output little-changed since the previous month. At 49.9, the seasonally adjusted Markit Flash Germany Composite Output Index improved from a five-month low of 49.2 in April, but remained weaker than its long-run average (52.9). The latest index reading for manufacturing production (50.2) was fractionally higher than that recorded for services activity (49.8), which reversed the trend seen in April. In conjunction with The overall stabilisation in output was partly achieved through work on outstanding ... (full story)