German flash manufacturing PMI jumps to 45.4 in June, a big beat (EUR/USD retests 1.1315 )

German manufacturing activity improved in the month of June, the latest manufacturing activity report from IHS/Markit research showed this Friday.

The German manufacturing purchasing managers index (PMI) arrived at 45.4 versus 44.5 expected and 44.3 previous. Meanwhile, services PMI hit a two-month high level of 55.6 as against previous months reading of 55.4 and 55.4 anticipated.

The IHS Markit Flash Germany Composite Output Index came in at 52.6 in June, unchanged from that booked in May and 52.5 expectations.