Markit: Eurozone flash PMI hits seven-month high
The PMI slightly rose and reached 53.3 this month after posting 53.2 in July. Analysts comment that the August flash PMI suggest that the Eurozone continues to follow a stable growth path in the third quarter.
However, a deceleration in the growth of manufacturers’ order books and the lower rate of new hires shows growth could slow in the months ahead.
A sub-index for price pressures shows that inflation is still quiet on the back of decreasing selling prices again this month. Inflation in the region is 0.2% which is lower than the European Central Bank’s target of just under 2%.
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