Eurozone manufacturing posts record growth
by ChemOrbis Editorial Team - content@chemorbis.com
According to a flash purchasing managers’ index (PMI) released by Markit Economics, a combined measure of manufacturing and service output in the eurozone hit 82-month peak in December while the manufacturing PMI rose to its highest levels since June 1997. The growth was also driven by the surge in new orders, which posted the biggest monthly increase for over in 10 years.
The composite PMI inched up to a reading of 58.0 from a reading of 57.5 in November. Any reading above 50 represents an expansion.
Manufacturing output grew at the fastest pace since April 2000 as the largest growth in 17 years was accompanied by firm export orders upturn.The manufacturing PMI output index rose to 62.0 from 61.0 in December.
The composite PMI inched up to a reading of 58.0 from a reading of 57.5 in November. Any reading above 50 represents an expansion.
Manufacturing output grew at the fastest pace since April 2000 as the largest growth in 17 years was accompanied by firm export orders upturn.The manufacturing PMI output index rose to 62.0 from 61.0 in December.
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