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- Eurozone's preliminary manufacturing PMI remains unchanged in August, preliminary services PMI rises
Eurozone's preliminary manufacturing PMI remains unchanged in August, preliminary services PMI rises
Markit Economics released its preliminary manufacturing purchasing managers' index (PMI) for the Eurozone on Friday. Eurozone's preliminary manufacturing PMI remained unchanged at 52.4 in August. Analysts had expected index to decline to 52.2.
Eurozone's preliminary services PMI rose to 54.3 in August from 54.0 in July. Analysts had expected the index to remain unchanged at 54.0.
Markit's Senior Economist Rob Dobson said that Eurozone's economy "is still experiencing one of its best periods of economic growth and job creation during the past four years".
"GDP growth is tracking close to 0.4% so far in the third quarter, slightly above the 0.3% seen in quarter 2, highlighting the resilience of the economy through last month's rollercoaster events of the Greek debt crisis and the ongoing negotiations to tie up the full details surrounding the third bailout," he added.
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