Eurozone Manufacturing PMI sinks to five-year low in July as business conditions deteriorate further
Aug 1st, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The seasonally adjusted RBS/Markit Eurozone Manufacturing PMI (Purchasing Managers' Index) registered 47.4 in July, down from 49.2 in June and slightly below the flash estimate for July of 47.5. The final reading signalled the second consecutive monthly deterioration in manufacturing sector business conditions and the steepest rate of decline since June 2003.