German Composite PMI Beats Forecast, Rises to 53.8 in September

Germany's composite PMI rose to 53.8 in September, beating the consensus forecast of 51.8 and up from 51.8 in August. The beat suggests stronger-than-expected growth momentum in the eurozone's largest economy, though the data is preliminary and subject to revision. This could support a more hawkish ECB stance and positive risk sentiment.