Germany PMI data beats expectations
Germany's final services PMI rose to 52.5, exceeding market expectations of 51.7.
The index increased by 0.8 points from its previous reading of 51.7, signaling stronger growth momentum in the services sector.
Meanwhile, the final composite PMI climbed to 53.4, surpassing both the 52.8 forecast and the previous reading of 52.8. Both indicators remained above the 50-point threshold, indicating continued expansion in German economic activity. The stronger figures could support Germany's economic growth outlook while influencing European Central Bank (ECB) monetary policy expectations.
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