Eurozone Manufacturing PMI in September signals sector is close to returning to growth after 16 months of contraction
Oct 1st, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The final Markit Eurozone Manufacturing PMI (Purchasing Managers' Index) for September rose above the flash estimate of 49.0 to 49.3, from 48.2 in August, to signal a further slowing in the rate of deterioration in manufacturing sector business conditions. The PMI has now been below the no-change level of 50.0 for 16 successive months, but the rate of decline has eased over the past seven months such that the latest deterioration was the smallest seen in the past 16 months.