Eurozone manufacturing PMI gains momentum in Dec
by ChemOrbis Editorial Team - content@chemorbis.com
According to purchasing managers’ index (PMI) released by Markit Economics, the seasonally adjusted PMI index in Eurozone increased from 53.8 in November to 55.2 in the final month of 2020. This pointed to the highest level in the monthly index since May 2018.
Manufacturing growth in the bloc was boosted by a stronger increase in new export orders and higher production levels in December.
All countries across the Eurozone registered improvements in the health of their manufacturing sector. In a country-based breakdown, Germany was again at the top of the list with a PMI reading of 58.3 in December. It was followed by Netherlands (58.2) and Ireland (57.2), where indexes stood at multi-month highs.
The monthly PMI indexes of other countries involved in the survey – namely Austria, France, Italy, Spain and Greece – were all standing at their highest levels in two years in December, data showed.
Manufacturing growth in the bloc was boosted by a stronger increase in new export orders and higher production levels in December.
All countries across the Eurozone registered improvements in the health of their manufacturing sector. In a country-based breakdown, Germany was again at the top of the list with a PMI reading of 58.3 in December. It was followed by Netherlands (58.2) and Ireland (57.2), where indexes stood at multi-month highs.
The monthly PMI indexes of other countries involved in the survey – namely Austria, France, Italy, Spain and Greece – were all standing at their highest levels in two years in December, data showed.
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