Eurozone manufacturing PMI hits 9-month high in January; Growth shows signs of rising in periphery
Feb 1st, 2011 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Markit Final Eurozone Manufacturing PMI rose to a 9-month high of 57.3 in January, up from 57.1 in December and above the earlier flash estimate of 56.9. The PMI (Purchasing Managers' Index) has remained above the 50.0 no-change mark, signalling growth, for 16 consecutive months, and indicated a revival in the rate of expansion at the end of last year and into 2011 following a slowdown last autumn.