The reading moved above the 50 expansion line from 49.5 previously, signaling renewed private-sector growth in Europe’s largest economy.
Germany’s flash Composite PMI came in at 51.2, beating the 49.7 forecast and improving from 49.5 previously. The move pushed the index back above the 50 mark that separates expansion from contraction, pointing to renewed growth in private-sector activity in Europe’s largest economy.