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German private sector activity hits five month high

Boost due to  growth in new orders and heralding a healthy start to the third quarter for the eurozone's largest economy

By Richard Nehme | July 25, 2013 10:41 BST
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International news

German private sector business activity was the strongest in five months in July, boosted by growth in new orders and heralding a healthy start to the third quarter for the eurozone's largest economy. The National statistics Institute, Istat also confirmed that Italy's retail sales in May increased by 0.1%, compared with April. This caused EUR/USD weaken to 1.3187 but posted a high of 1.3256 during the session [...]

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