-
German service sector starts second quarter strongly as activity growth hits seven-month high
Germany's service sector made a strong start to the second quarter of the year, according to the latest PMI® survey, recording the fastest growth in both business activity and new work since September last year. Furthermore, the sustained upturn prompted firms to create jobs at the fastest rate since 2007. Wage pressures meanwhile underpinned a steep rise in service providers' costs, which in turn contributed another sharp hike in average prices charged. Rising for the fourth month in a row in April, the headline seasonally adjusted IHS Markit Germany Services PMI Business Activity Index registered 55.7, up from ... (full story)