• Prior 56.0
  • Composite PMI 53.9 vs 54.3 prelim
  • Prior 54.2

The slight revisions lower aren't anything much as the German services sector continues to maintain a strong growth momentum in May. That said, high price pressures are still persistent and that is going to remain a headwind for the months ahead - as seen elsewhere across the region as well. HCOB notes that: