German December Composite PMI

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.

As evident from data, rrivate 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.