PMI among euro area

Tuesday, 24 January 2012 02:07

The Markit reported today that manufacturing activity among euro area countries increased at the beginning of 2012.

PMI reading in January was higher by 1.8 points reaching 48.7 from previous 46.9 points.

The reported data exceeded highly expectations of 0.5 points increase.

Germany and France reported the biggest increase of purchasing managers index.

Service PMI reached 50.5 points in euro zone.