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Thursday, January 2, 2014

Eurozone manufacturing sector continues to recover smartly.

Eurozone manufacturing PMI increased to a 31-month high of 52.7 in December from 51.6 in November. Rising output and fuller order books encouraged manufacturers to hold off from further job cuts, while new export orders again rose at a solid pace. Germany, Italy and Spain are seeing the strongest output growth since early 2011, although France "remains a concern" and is looking uncompetitive.

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