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Germany PMI points to increasing signs of life in economy
June’s flash PMI® data pointed to further signs of a turnaround in the German economy following a record downturn in activity earlier in the second quarter. At 45.8, the headline Germany Composite Output Index was up sharply from May’s 32.3 and the highest in four months, with the survey highlighting the effects of easing lockdown restrictions and also indicating an improvement in business confidence. Latest data showed business activity edging closer to stabilisation, down to the smallest extent by far since start of the coronavirus disease 2019 (COVID19) outbreak in March. Results at the sector level showed ... (full story)