Eurozone manufacturing slowed in August; Strong growth continued in Germany and France; Downturn in Greece deepened

by admin on September 1, 2010

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.

Related posts:

  1. Eurozone service sector stabilises in January as growth in France and Germany offsets declines in Spain and Italy
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  3. Eurozone service sector lost momentum in October; Strong growth in Germany/ France; Weak rises in Italy/ Ireland – - contraction in Spain
  4. Eurozone manufacturing downturn eases in January as Germany returns to growth
  5. Eurozone PMI at two-year high in January; France and Germany leading the recovery but Spain, Ireland and Greece fall further behind

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