Eurozone Manufacturing PMI confirmed at 21-month high at end of 2009
Jan 4th, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The final Markit Eurozone Manufacturing PMI (Purchasing Managers' Index) posted 51.6 in December 2009, up from 51.2 in November. The latest reading was in line with the earlier flash estimate and confirmed that the index had reached its highest level since March 2008. The PMI -- a composite index based on measures of production, orders, employment, inventories and supplier performance- - has signalled an improvement in manufacturing operating conditions in each of the past three months. Output rose for the fifth month in a row and at the fastest pace since September 2007 - - closing the year at a 21-month high.