Germany's service sector records steepest drop in over two years

(2min)
German flag against cloudy sky

Reinhard Krull

  • Germany Services PMI Business Activity Index dropped further to 47.1 in May, down from 49.0 in April and at its lowest level since November 2022. The result marginally missed estimates of 47.2.
  • Germany Composite PMI Output Index slip to 48.5, down

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