PMI显示，德国服务业4月重新陷入收缩

Core Viewpoint - The German services sector has entered a contraction phase in April after four months of growth, primarily due to concerns over tariffs leading to a decline in business activity [1] Group 1: PMI and Economic Activity - The final PMI for the services sector in April dropped to 49.0 from 50.9 in March, falling below the growth threshold of 50 [1] - The decline in activity was the fastest since February 2024, attributed to weak demand and reduced customer spending [1] Group 2: New Work and Business Confidence - New work received by German service companies has decreased for the eighth consecutive month, although the rate of decline was slower than in March [1] - Business confidence has significantly weakened, with only 25% of companies expressing optimism about future prospects, compared to 22% who are pessimistic [1] Group 3: Employment Trends - Despite the economic downturn, employment in the services sector is growing at the fastest rate in nearly a year, indicating a divergence between current conditions and labor force expansion [1]