Germany PMI Manufacturing rose to 58.6 in December, up from 57.8, above expectation of 56.6, a 34-month high. PMI Services rose to 47.7, up from 46.0, above expectation of 44.0. PMI Composite rose to 52.5, up from 51.7.
Phil Smith, Associate Director at IHS Markit said: “German economy still on a relatively stable platform… However, the impending harder lockdown threatens to put pay to some of the resilience we’ve seen so far… Nevertheless, German manufacturers and their service sector counterparts are positive about the outlook for 2021, amid the imminent rollout of COVID vaccines.”
