German Economy Strengthens in Boost to Euro Region Outlook
- Composite PMI rises to 57.8; manufacturing, services increase
- Euro area on track for its best year since at least 2010
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Germany’s economy showed continued strength at the end of the third quarter, with a gauge of private-sector activity hitting the highest in more than six years.
The jump in the composite Purchasing Managers’ Index in September coincided with a similar improvement in the measure for France. With the euro area’s two biggest economies maintaining momentum, that’s keeping the region on track for its best year since at least 2010.