Germany's manufacturing at its fastest pace since 2011

(MENAFN) German manufacturing sector has registered its fastest pace in two years in December, thanks to the rising output and strong growth in new orders, according to Yahoo Finance. The final reading of Markit's Purchasing Managers' Index was the highest since June 2011. Tim Moore, senior economist at Markit said: "Improving global economic conditions have helped to boost new orders and generate renewed job creation across the sector. Manufacturers of investment goods were the main beneficiaries of the brightening export climate at the end of 2013."