Germany: Markit Manufacturing PMI jumps to 60.5 in January, new five-month high

The economic activity in Germany’s manufacturing sector grew at its strongest pace in five months with Markit Manufacturing PMI jumping to 60.5 from 57.4 in December. This print surpassed the market expectation of 57.

Additionally, Markit Services PMI advanced to 52.2 from 48.7 in December, showing that Germany’s service sector moved back into the expansion territory.