German PMI indicates slowdown in private sector output

The key points of the German flash manufacturing PMI are:

 Flash Germany Composite Output Index at 52.8 (54.1 in April), 5-month low.
 Flash Germany Services Activity Index at (54.0 in April), 5-month low.
 Flash Germany Manufacturing PMI at 51.4 (52.1 in April), 3-month low.
 Flash Germany Manufacturing Output Index at 52.7 (54.3 in April), 3-month low.

In the report, it was also stated that  "Both manufacturers and service providers reported slower activity growth, which some panel members attributed to relatively weak demand and rising cost pressures. Mirroring the trend for output, German private sector companies also signalled a weaker rise in new business."