German services PMI little changed in March

The seasonally adjusted final Markit Germany Services Business Activity Index posted 55.1 in March, little-changed from 55.3 in February.

Key points

The rate of growth in new work slowed since February and was the weakest in five months

The latest rate of jobs growth was the slowest since last July

Input costs faced by German service providers rose fractionally during the month, with the rate of inflation the weakest in over six years