Mumbai, May 22 -- Latest HCOB flash PMI survey data, compiled by S&P Global, showed a fall in business activity across Germany in May, reflecting a deepening downturn in the country's service sector.
The contraction came despite further growth in manufacturing production, which was boosted in part by a rise in new export orders. Business expectations improved from April's recent low, but employment nevertheless fell slightly on the month.
On the price front, May saw the rate of inflation in average charges for goods and services ease to a seven-month low, with slower service sector price increases coinciding with a renewed decline in manufacturing factory gate charges.
The HCOB Flash Germany Composite PMI Output Index registered at 48.6 ...