German Services Sector Shows Signs of Slowdown

The German services sector has hit a four-month low in March, with the Services PMI Business Activity Index slightly decreasing to 50.9 from 51.1 in February, as reported by S&P Global and Hamburg Commercial Bank.

Composite PMI Output Index Reaches a 10-Month High

Despite the slowdown in the services sector, Germany's Composite PMI Output Index has risen to 51.3 from 50.4 in February, marking a significant 10-month high. Additionally, the rates of input cost and output price inflation have eased to five-month lows.

Expert Insights on the Current Economic Climate

Dr. Cyrus de la Rubia, Chief Economist at Hamburg Commercial Bank, commented on the situation, stating, "The service sector seems to be losing momentum, though it was not exactly racing ahead before. Still, the near-stagnation observed should not be over-interpreted. Historically, the sector has shown resilience, bouncing back after short phases of slowdown.