- The German manufacturing PMI reaches 58.6 points in December compared to the expected 56.4.
- The PMI for services in Germany rises to 47.7 points in December from the 44 forecast.
According to the preliminary IHS / Markit manufacturing activity report released Wednesday, the preliminary version of the German manufacturing PMI unexpectedly rose to 58.6 points in December. The figure was well above estimates that pointed to a drop to 56.4 from 57.8 points in the previous month.
Meanwhile, the indicator for the services sector also exceeded market expectations, but remained in the contraction territory, reaching a two-month high of 47.7 points in December.
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