German manufacturing and services sectors their strongest since February

Following some strong figures from France, purchasing manager's index (PMI) data for Germany has come in strong, at a composite five month high for manufacturing and service sectors.

Analysts had forecast a manufacturing PMI rise from 48.6 to just 49.4 - which under 50 would still imply contraction - but a strong 50.3 means that the sector has returned to growth.

Services also performed well, up from 50.4 to 52.5 (50.8 expected).