Germany: Markit Manufacturing PMI jumps to 60.5 in January, new five-month high By eren_fxstreet Germany Manufacturing PMI Macroeconomics EconomicIndicator
EUR/USD continues to fluctuate in a relatively tight daily range.The economic activity in Germany's manufacturing sector grew at its strongest pace in five months with Markitjumping to 60.5 from 57.4 in December. This print surpassed the market expectation of 57.
Commenting on the data, "January’s flash PMI numbers came in comfortably above consensus to show a surprisingly resilient performance from the German economy at the start of the year," noted Phil Smith, Economics Associate Director at IHS Markit. "Still, rising costs remain a concern for businesses, with the survey data showing that input prices are continuing to rise sharply and on multiple fronts.
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