Mumbai, Oct. 24 -- Germany's private sector recorded its strongest growth for almost two-and-a-half years at the start of the fourth quarter, driven in large part by a solid increase in services business activity.
The upturn in output was supported by a renewed expansion in intakes of new work, while employment came close to stabilising as backlogs showed their first rise since mid-2022.
Latest data did, however, show a broad-based easing of businesses expectations for the year ahead. With growth strengthening and demand improving, inflationary pressures rose. There were faster increases in both input costs and average charges for goods and services, with the respective rates of inflation reaching the quickest for eight months.
The HCOB ...