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German December Manufacturing PMI at 4 month high

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - German Markit manufacturing PMI recorded a four month high and rose to 53, matching consensus and higher than the 52.9 reading recorded previously. The services PMI however registered a two month fall. Services activity index stood at 55.4 as compared to the earlier reading of 55.6. Germany Composite Output Index came in at 54.9, hitting a 2 month low.

    As evident from data, private sector companies in Germany enjoyed another month of solid output growth in December. German private sector companies raised their staffing levels as well. The rate of job creation was the most marked in four years. New business however increased at a slightly weaker rate in December.
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