Free Trial

PMI: Service price inflation remains "stubbornly high"

GERMAN DATA

Services growth was stronger than expected (while manufacturing disappointed) but the press release notes that service price inflation remained "stubbornly high".

  • Key part from the release re prices: "Output price inflation meanwhile remained elevated due to stubbornly high pressures in the service sector. It did however ease to a near two-year low amid an increased drag from manufacturing, where the decline in input prices deepened and supplier delivery times shortened at an unprecedented rate."

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.