Eurozone manufacturing slowed in August; Strong growth continued in Germany and France; Downturn in Greece deepened
Sep 1st, 2010 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Markit Final Eurozone Manufacturing PMI (Purchasing Managers' Index) fell to a six-month low of 55.1 in August, down from 56.7 in July, but above the earlier flash estimate of 55.0. Although the PMI signalled a slight loss of growth momentum, the rate of expansion remained robust and faster than the survey average. Business conditions in the manufacturing sector have now improved in each of the past eleven months. Germany and France led the growth while rate of contraction in Greece grew sharper.