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- Germany's final services PMI rises to 55.6 in November
Germany's final services PMI rises to 55.6 in November
Markit Economics released final services purchasing managers' index (PMI) for Germany on Thursday. Germany's final services purchasing managers' index (PMI) rose to 55.6 in November from 54.5 in October, in line with the preliminary reading.
The index was driven by a rise in new business.
"Germany's service sector roared back to health in November, with business activity rising at the strongest rate in over a year and new business flooding in at a pace not seen since mid-2011. Moreover, companies continued to add to their payroll numbers at a healthy rate despite the unemployment rate in Germany already ultra-low," an economist at Markit, Oliver Kolodseike, said.
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