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- August saw a strong and accelerated increase in eurozone manufacturing production
August saw a strong and accelerated increase in eurozone manufacturing production
August saw a strong and accelerated increase in eurozone manufacturing production, as robust demand and rising employment underpinned a solid improvement in overall operating conditions. The final IHS Markit Eurozone Manufacturing PMI rose to 57.4, up from 56.6 in July and equalling June's 74-month high.
The PMI has remained above the 50.0 no-change mark for 50 successive months, with the latest reading unchanged from its earlier flash estimate. The expansion was led by a strong core of Germany, the Netherlands and Austria.
PMI readings for Austria and the Netherlands both hit 78-month highs, while the rate of growth signalled for Germany was among the best registered since early-2011. These nations also recorded the steepest increases in output and new orders.
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