German business activity falls at quickest rate for nine months amid renewed weakness in service sector

From pmi.spglobal.com

Germany’s economic malaise continued into November, with the latest HCOB ‘flash’ PMI® survey, compiled by S&P Global, showing business activity falling for the fifth month running and at the quickest rate since February. Sustained weakness in manufacturing production was compounded by the first decrease in services activity for nine months. Weaker demand for goods and services led to further job losses during the year’s penultimate month. Business expectations meanwhile edged up further from September’s recent low, although confidence was still subdued by historical standards amid a backdrop of ... (full story)