GERMAN DATA
- "Inflows of new business showed the steepest fall since September as rates of decline quickened in both monitored sectors".
- "The downturn was particularly stark in manufacturing where new orders posted the sharpest drop in three months amid reports of client hesitancy, strong competition
for new work and lower demand from abroad". - "The decline in outstanding business was once again led by the goods-producing sector, which in turn saw another substantial round of staff retrenchment as manufacturers looked to scale back operating capacity"..."Services employment also fell, albeit only marginally".
- "Although expectations for output in the coming year ticked up further from September’s recent low, they remained weaker than the long-run average as firms voiced concerns about political uncertainty, a sluggish economy and troubles in the automotive sector".
- "Input costs rose at the fastest rate since April, reflecting the combination of a steeper rise in services operating expenses and a slower fall in manufacturing purchase prices".
- "Prices charged, posted the most marked increase since February, driven by a sharp and accelerated rate of service sector output price inflation".
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