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German service sector sees slight contraction in business activity in November

From pmi.spglobal.com

Germany's service sector saw business activity fall marginally in November, with the rate of contraction easing from the previous month in line with a slower decline in new business, according to the latest HCOB PMIŽ survey compiled by S&P Global. Employment once again showed little-change, albeit this time rising fractionally following back-to-back marginal declines. Service providers, on balance, expected little growth in activity over the next 12 months. Elsewhere, latest data showed an uptick in cost pressures across the service sector as rising wages drove the steepest increase in firms' input prices for six ... (full story)

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