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October sees German growth in activity continue to slow as prices surge
October’s flash PMI® data from IHS Markit pointed to only modest growth in German private sector business activity, whilst at the same time highlighting persistently strong inflationary pressures as the rate of increase in charges for goods and services hit a survey-record high. The pace of job creation meanwhile remained robust as firms looked to boost capacity, with output expectations showing a slight improvement. The headline Flash Germany PMI Composite Output Index showed a further loss of growth momentum in October, dropping from September’s 55.5 to an eight-month low of 52.0. The index has fallen in each ... (full story)
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