Mumbai, Aug. 21 -- Business activity rose for the third straight month across the German private sector in August, with the pace of growth ticking up to the quickest since March but remaining only modest.
The upturn in output continued to be led by the manufacturing sector, which recorded its strongest increase in production for almost three-and-a-half years.
By contrast, there was a further modest fall in employment amid a lack pressure on capacity, and a slight softening of firms' growth expectations. Rates of input cost and output price inflation meanwhile ticked up from the recent lows seen in July.
The HCOB Flash Germany Composite PMI Output Index came in at 50.9 in August, up slightly from 50.6 in July. The latest reading was the h...