(MENAFN) German private sector is growing significantly in August, after lower data in July.
The Purchasing Managers' Index (PMI) for Germany rise ti 55.7 from 54.7 in July to a two-month high, as it is tracking the manufacturing and services sectors that account for more than two-thirds of the largest economy in the bloc.
Trevor Balchin, senior economist at IHS Markit said: "The flash PMI rose to 55.7 in August from July's final reading of 54.7, indicating that underlying economic growth remains strong following a slight correction at the start of the third quarter."
And he added that manufacturing new export orders increased at the fastest rate since May 2010.
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