January data pointed to the strongest rise in German private sector output for 12 months, highlighting a continued change of momentum in activity around the turn of the year. Solid overall growth was mainly driven by the fastest increase in services activity since June 2011. Manufacturing production nonetheless returned to growth in January, although the rate of expansion was only marginal. In conjunction with At 53.6 in January, up from 50.3 in December, the seasonally adjusted Markit Flash Germany Composite Output Index was above the 50.0 nochange value for the second month running. The latest reading was the ... (full story)