German private sector remains in contraction in August

From pmi.spglobal.com

Germany’s private sector economy remained in contraction in August, with business activity falling for the second month running and at a slightly faster rate, the latest HCOB ‘flash’ PMI® survey compiled by S&P Global showed. Employment decreased at the fastest rate in four years as firms expressed less optimism towards growth prospects in the coming year. As for prices, average charges for goods and services rose at the quickest rate for six months, albeit one that was still broadly in line with the long-run series average. Cost pressures in the service sector eased, while manufacturing purchase prices came ... (full story)