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German Output Growth Accelerates as Costs, Employment Spike

  • Purchasing Managers’ Index rises to 57 from 56.1; est. 56
  • Gauges for manufacturing, services both improved in March
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Germany March Manufacturing PMI Rises to 58.3

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German economic activity unexpectedly gathered speed in March, prompting a marked pick-up in job creation and price pressures.

A Purchasing Managers’ Index for manufacturing and services rose to 57 from 56.1 in February, IHS Markit said on Friday. That’s the highest level in almost six years and compares with a median estimate in a Bloomberg survey for a drop to 56.