Germany's flash manufacturing PMI rose to 52.0 in August from 50.7 in July and services PMI climbed to 52.4 from 51.3 a month ago. Economists expected the manufacturing index to rise to 51.1 in August from 50.7 in July. Similarly, the services index was forecast to climb to 51.7 from 51.3 a month ago.
The euro held steady against its major counterparts after the report. As of 3:323 am ET, the European shared currency was trading at 1.3343 against the dollar, 131.04 against the yen, 0.8556 against the pound and 1.2332 against the Swiss franc.
