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Markit Economics released final services purchasing managers' index (PMI) for Germany on Friday. Germany's final services purchasing managers' index (PMI) rose to 53.8 in June from 53.0 in May, missing the preliminary reading of 54.2.
The increase was driven by rises in new orders and employment.
"June's PMI results signalled a re-acceleration of service sector activity growth in Germany, after May data pointed to the weakest rise in output for five months. Encouragingly, a further increase in staff recruitment highlighted confidence about upcoming workloads despite new business rising at the slowest pace in 2015 so far," an economist at Markit, Oliver Kolodseike,said.
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