German HCOB Services PMI (Dec) 52.7 vs. Exp. 52.6 (Prev. 52.6)
SourceNewswires
Importance
Level 1
- "The higher costs are likely to be primarily the result of continued above-average wage increases. This is because most service activities are relatively labour- and wage-intensive. This cost problem is unlikely to disappear in the coming year, as the main cause is demographic change and the resulting labour shortage, which continues to prevail in many sectors despite the generally weak economy."
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