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Markit Economics released final services purchasing managers' index (PMI) for Germany on Wednesday. Germany's final services purchasing managers' index (PMI) rose to 54.5 in October from 54.1 in September, down from the preliminary reading of 55.2.
"Germany's service sector remained in good shape at the start of the fourth quarter, with growth of activity accelerating slightly since September. Moreover, the strongest rise in business outstanding since June 2011 and sharply increasing employment levels are supportive of hopes that growth can be sustained as we move towards the end of the year," an economist at Markit, Oliver Kolodseike, said.