Euro News German GfK Consumer Climate remains in negative territory, as consumers are nervous about the economy. The indicator showed little change in September, at -1.8 points. Eurozone and German Manufacturing PMIs improved in September, with readings of 53.7 and 53.6, respectively. A reading above 50 points to expansion. However, Eurozone and German Services PMIs indicated contraction, with readings of 47.6 and 49.1, respectively. German Ifo Business Climate accelerated for a fifth straight month, rising from 92.6 to 93.4 in September. In the US, Federal Reserve Chair Powell had a busy week testifying on Capitol Hill. Powell reiterated that the Fed was using all available tools to support the budding economic recovery. He also called on Congress to provide additional fiscal stimulus. The US Flash Manufacturing PMI for September came in at 53.5, almost unchanged from 53.4 a month earlier. Importantly, the reading beat the estimate of 52.5 points. The index has been in expansion territory for four straight months, with readings above the 50-level, which separates expansion from contraction. On the services front, Flash Services PMI came in at 54.6, just shy of the previous release of 54.8 points. The respectable reading points to a solid rise in business activity, another sign that the economic recovery is strengthening.