- Analytics
- News and Tools
- Market News
- The eurozone economy maintained growth momentum during August - Markit
The eurozone economy maintained growth momentum during August - Markit
The eurozone economy maintained growth momentum during August, according to PMI survey data, with output across the currency area rising at a broadly similar pace to July.
The expansion was supported by a strong rise in manufacturing production, while services business activity increased at a weaker pace. The headline IHS Markit Eurozone PMI posted 55.8 in August, up fractionally from July's reading of 55.7, according to the preliminary 'flash' estimate (based on approximately 85% of final replies).
The index again signalled strong growth of the euro area private sector, with the rate of expansion remaining around the best seen over the past six years. The manufacturing sector performed strongly, with both output and new orders rising at sharper rates in August. The latter was boosted by the fastest rise in exports for six-and-a-half years. The service sector, on the other hand, saw growth of activity ease to a seven-month low. That said, the rate of expansion remained solid amid a further increase in new orders.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
