Reported about 16 hours ago
Business activity in Germany's private sector stabilized in January, ending a six-month contraction as growth in services offset declines in manufacturing output. The HCOB German flash composite Purchasing Managers' Index rose to 50.1, surpassing analysts' expectations and indicating potential recovery from a recession that has affected the economy for two years. Although manufacturing remains under pressure, it showed signs of improvement, with firms expressing increased optimism for future activity.
Source: YAHOO