Mumbai, June 2 -- Manufacturers in Germany reported a third straight monthly rise in output levels in May, with production being scaled up in line with further growth in new export orders, the latest HCOB PMI survey showed.
The declines in employment and purchasing activity across the sector meanwhile slowed, with the latter coming close to stabilizing. This corresponded with improved sentiment towards the year-ahead outlook for output.
On the price front, average charges for manufactured goods showed a renewed decline after rising in April for the first time in nearly in two years. The discounting of output prices reflected competition for new work, according to reports from surveyed business, and was aided by a further steep drop in inp...