- Eurozone manufacturing PMI improves to 43.7 in August, beating estimates of 42.6.
- The bloc’s services PMI falls to 48.3 in August from the 50.5 expected.
The contraction of the Eurozone manufacturing sector slowed, but the service sector experienced a recession in Augustthe latest data from the latest HCOB Purchasing Managers’ Index survey showed on Wednesday.
He Purchasing Managers’ Index (PMI) for the Eurozone manufacturing sector rose to 43.7 in August, against market forecasts of 42.6, and above the 42.7 registered in July. The index hit a three-month high.
He Eurozone services PMI fell to 48.3 points in August, compared to 50.9 in July, reaching its lowest level in 30 months and standing well below the estimates of 50.5 points.
He Eurozone HCOB Composite PMI fell to 47.0 in August, compared to the 48.5 expected and the 48.6 registered in July. The index reached its lowest level in 33 months.
Source: Fx Street
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