Eurozone manufacturing PMI prints lower than expected

By FXStreet FXStreet (Mumbai) – The final Markit Eurozone manufacturing PMI for August printed at 52.3, compared to the estimate of 52.4.

The average PMI reading so far in the third quarter (52.4) is, however, slightly above that for quarter two (52.3). The report showed, “Demand improved in both domestic and export markets*, as highlighted by a solid and accelerated increase in new export business.”

Companies raised employment at the quickest pace in four years. Average input costs fell for the first time in six months, while Average output prices at Eurozone manufacturers rose slightly for the fourth time in the past five months in August.
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Source:: FX Street