Flash Eurozone Composite Output Index falls for third month running in August: Rate of decline fell slightly; Price pressures ease
Aug 21st, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The RBS/Markit Flash Eurozone Composite Output Index, based on around 85% of normal monthly survey replies, registered a contraction of private sector output for the third month running in August. The seasonally adjusted index rose from 47.8 to 48.0, indicating that the rate of decline eased only marginally from July, which had seen the steepest contraction since November 2001.