AI Data Insight
The final reading of Germany's Services PMI for May rebounded to 48.1 from 46.9 in the previous month. Although outperforming initial market estimates, it fell below the boom-or-bust threshold for the second consecutive month. Constrained by high energy costs and geopolitical disruptions, new orders and export demand remain sluggish. However, corporate expectations for the future economy have bounced back from their lows, indicating that recovery in the second half of the year still holds potential.