Economic Buzz: Germany Services PMI At 55.0 In May

3 Jun 2022 , 01:52 PM

Germanys service sector companies reported a continued rise in business activity in May, although the rate of growth slowed amid signs that the post lockdown rebound was starting to fade and rising prices were straining demand. The seasonally adjusted headline S&P Global Germany Services PMI Business Activity Index registered a reading of 55.0 in May. That was still well above the neutral 50.0 mark that separates growth from contraction, although it was down from 57.6 in April and the lowest for four months. Powered by Commodity Insights