Economics

German Economy Builds Momentum After Leading Europe in 2014

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By Tom Beardsworth

February 20, 2015 at 8:30 AM UTC

Updated on

February 20, 2015 at 8:49 AM UTC

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The German economy picked up momentum this month as manufacturing continued growing and services expansion accelerated.

Markit Economics said its composite Purchasing Managers Index of both industries increased to 54.3 from 53.5 in January. A reading above 50 indicates expansion and the gauge is now at its highest in seven months. Demand rose for a second month.