Eurozone manufacturing recovery slows as Spain and Ireland slip back into contraction alongside Greece
Oct 1st, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Markit Final Eurozone Manufacturing PMI (Purchasing Managers' Index) was 53.7 in September, down from 55.1 in August. Although signalling an overall improvement in business conditions for the twelfth month in a row, the rate of growth slipped to an 8-month low. PMIs fell back below the 50 no-change level in Spain and Ireland, signalling renewed contraction, and the PMI for Greece remained deep in negative territory. Only France and Austria saw their PMIs rise further above 50, with a slower rate of improvement particularly evident in Germany.