German stocks drop on Thursday despite upbeat data from the national manufacturing sector. Flesh German PMI contracted the least in the last six months in September. German PMI climbed to seasonally adjusted 47.3 this month compared to 44.7 last month. Positive data from US labour market also supported the index. The DAX Index lost 0.43% to trade at 7,350.65. Four in nine business sectors included in the index climbed. The top-performers were consumer services and telecommunications, with Deutsche Telecom advancing 1.48%. Dragging the DAX index lower, consumer goods and utilities tumbled 1.49% and 1.22%. E.ON and RWE slumped 0.60% and 0.77%. Daimler was among the top-losers, declining by 3.30% after announcing that its profits from car division are expected to fall in H2 of 2012.