Mumbai, June 23 -- Business activity returned to growth across Germany in June, ticking up slightly after falling for the first time in five months in May, according to the latest HCOB 'flash' PMI survey data.
The upturn was led by the manufacturing sector and supported by a first increase in overall new orders for more than a year. Firms in the eurozone's largest economy nevertheless continued to trim workforce numbers and were a little less optimistic about the year-ahead growth outlook than the month before.
On the price front, the rate of inflation in average charges for goods and services ticked up from May's seven-month low, bringing it back just above its long-run average. That was despite firms' input costs rising at the slowest r...