Business activity across Germany’s private sector continued to grow at a moderate pace in May, according to the latest PMI® data from IHS Markit. The IHS Markit Flash Germany Composite Output Index – which is based on approximately 85% of usual monthly replies – registered a reading of 52.4, up slightly from 52.2 in April and its highest since February. Other indicators weakened, however, with new orders falling for the fourth time in five months and employment growth easing to its lowest in just over three years in April. On the price front, latest data showed a slowdown in the rates of both input cost and output ... (full story)