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- Eurozone’s manufacturing activity grows as initially estimated in September - IHS Markit
Eurozone’s manufacturing activity grows as initially estimated in September - IHS Markit
The latest
report by IHS Markit revealed on Thursday the seasonally adjusted final
Eurozone Manufacturing PMI stood at 53.7, unchanged on the earlier flash
reading and up from 51.7 in August. This was the highest reading since August
2018 and signaled an acceleration in growth of the manufacturing economy during
September.
Economists had
forecast the index to stay unrevised at 53.7.
According to
the report, production growth accelerated to its strongest in over
two-and-a-half years, while new orders increased at the quickest pace since
February 2018 and the drop in employment was the weakest since February.
Germany led the
upswing in regional manufacturing activity, with the respective PMI here
hitting its highest level for 26 months. The Italian manufacturing sector also recorded
its strongest growth rate for over two years.
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