Market Commentary and Intraday News

Eurozone Factory PMI Rises Less Than Estimated

258 days ago

(RTTNews) - Eurozone's manufacturing sector continued to contract in August, but a slower pace than in July, the detailed survey results from Markit Economics confirmed Monday. However, the improvement was slightly weaker than estimated in the flash report.

The purchasing managers' index, that measures the activity in the factory sector, rose to 45.1 in August from 44 in July. The revised reading was below the flash score of 45.3.

Downturns in output and new orders eased slightly during the month, but remain widespread across nations, Markit said.

The manufacturing sector has now contracted for thirteen successive months.

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