© Reuters. FILE PHOTO: The skyline with its financial district is photographed during sunset as the spread of the coronavirus disease (COVID-19) continues in Frankfurt, Germany, October 26, 2020, REUTERS/Kai Pfaffenbach/File Photo GLOBAL BUSINESS WEEK AHEAD
BERLIN (Reuters) – A sustained rebound in services helped business activity in Germany grow again in May, though there are signs that rising prices, market uncertainty and supply problems are starting to put pressure on demand, a preliminary survey showed on Tuesday.
S&P Global (NYSE:)’s flash Purchasing Managers’ Index (PMI) for services was 56.3 in May, down from April’s final reading of 57.6 but well above the 50 mark that denotes expansion for the fifth month in a row. Analysts had expected a decline to 57.2.
The flash PMI for manufacturing improved slightly this month, to 54.7 from April’s final reading of 54.6, above the 54.0 forecast by analysts in a Reuters poll.
That also helped the flash composite PMI, which tracks the manufacturing and services sectors that together account for more than two-thirds of the…
