The recovery in Germany’s private sector economy gained momentum in June, latest ‘flash’ PMI® data from IHS Markit showed, with the further easing of COVID-19 restrictions and release of pent-up demand leading to a sharp and accelerated rise in business activity. However, the recovery in output levels was accompanied by a further increase in price pressures, with rates of inflation in both input costs and output prices accelerating to newrecord highs. The headline Flash Germany PMI Composite Output Index registered 60.4 in June, up sharply from 56.2 in May and its highest reading since March 2011. The upturn ... (full story)