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Eurozone manufacturing PMI remains flat in August

by ChemOrbis Editorial Team - content@chemorbis.com
  • 21/08/2015 (14:04)
Markit Economics has announced its final purchasing managers’ index (PMI) for manufacturing activities in the eurozone for August. The manufacturing PMI remains stable month over month at 52.4, slightly above economists’ initial estimates calling for a reading of 52.2 for the month. The slightly stronger results were attributed to a stronger than expected performance from Germany. Any reading above 50 indicates an expansion while any figure below 50 represents a contraction.

The final index revealed that the new orders index climbed to a reading of 52.7 from 52.2 in the previous month while the factory output index edged up to a reading of 53.8 from 53.6 in July.

Across the region, Germany’s manufacturing PMI grew by most since April 2014 in August to a reading of 53.2, up from 51.8 in July, beating economists’ initial estimate of 51.6, according to a survey conducted by Bloomberg. France’s manufacturing PMI, however, declined to a reading of 48.6 from a reading of 49.6 in July, slightly below economists’ initial estimates of 49.7 in a survey conducted by Bloomberg.
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