Flash Eurozone PMI shows improvement again in July driven by slowing in rate of contraction of manufacturing output
Jul 24th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
The Markit Flash Eurozone Composite Output Index, based on around 85% of normal monthly PMI (Purchasing Managers' Index) survey replies from the manufacturing and services sectors, rose from 44.6 in June to 46.8 in July. The latest report, released this morning, signalled an easing in the rate of decline for the fifth successive month and the smallest monthly drop in output for ten months. The easing was driven largely by a marked slowing in the rate of contraction of manufacturing output.