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German Composite PMI Beats Forecast, Rises to 53.8 in September
Dagens IndustriLO·DE·1 day ago
Germany's composite PMI rose to 53.8 in September from 51.8, driven by an unexpected services-sector rebound, marking the strongest reading in nearly a year. The data suggests the eurozone's largest economy is gaining momentum, which could prompt upward revisions to growth forecasts and influence ECB policy expectations. The sustainability of the services-led recovery remains uncertain given weak manufacturing.