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German S&P Global Services PMI Final (Sep) 52.9 vs. Exp. 52.9 (Prev. 49.7)

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Germany’s final September Services PMI was 52.9. The report linked high service-sector input-cost inflation to rising fuel prices and described a conditional expected effect from the October fuel tax cut.

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"Driven by rising fuel prices, input cost inflation in the service sector in September almost matched that seen at the height of the initial oil price spike back in April." "All else equal, the re-introduction of the fuel tax cut at the start of October will slow the rates of inflation in the service sector and provide some reprieve for businesses and consumers alike."

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SPGIS&P Global Inc.$387.98Current price

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