Europe: PMI index in euro zone up in August

Friday, 24 August 2012 03:46

The European market research group Markit released its monthly report about purchasing managers index volume.
As for the whole euro zone index in manufacturing sector improved unexpectedly to 45.3 points in August, but still remained in contraction area. PMI in services sector declined to 47.5 as expected.
The biggest European economy- Germany also reported increase in manufacturing PMI volume. Index reached 45.1 points( services PMI 48.3).
In France purchasing managers index in manufacturing reached 46.2 and services 50.2.