1203 GMT--Germany's manufacturing PMI for December comes in a tad higher than previously estimated, rising to 55.6 from 54.3 in November, according to IHS Markit. That's the highest level since January 2014. The increase was led by sharp expansions in both output and new work. There were also "encouraging signs" for further growth in 2017, the company says, with manufacturers looking to hire more workers in order to raise operating capacity. What's more, price pressures continued to build. "A combination of higher commodity prices and a weaker euro drove up input costs," says IHS Markit economist Philip Leake. (nina.adam@wsj.com)

(END) Dow Jones Newswires

January 02, 2017 07:21 ET (12:21 GMT)

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