German economy grows at fastest rate for six months in February -PMI

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German economy grows at fastest rate for six months in February -PMI
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Improving demand for services pushed business activity across Germany's private sector to a six-month high in February, and while manufacturing lagged due to COVID-19 infections among staff the sector also showed signs of recovery, a survey showed on Monday.

IHS Markit's flash services Purchasing Managers' Index rose to 56.6 in February, up from 52.2 last month and the highest reading since August.

The results showcased the resilience of the German economy, whose recovery from the pandemic was held back last year by supply shortages and fears that the Omicron variant could result in crippling lockdowns.

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