Euro zone business activity growth hits highest since November, PMI shows
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7 Articles
The PMI index exceeded estimates and rose to 52.1 points
Euro zone business activity growth hits highest since November: PMI
Euro zone business activity grew fastest this year in August. Stronger new orders, particularly in manufacturing, boosted this growth. Export orders also saw an increase for the first time since early 2022. Price pressures continued to ease, reaching multi-month lows. This resilience suggests solid third-quarter economic expansion for the region.
Business activity in the euro area grew at its fastest pace this year in August, driven by stronger new demands — particularly in the processing industry — and by the return of export growth, according to a research that also indicated relief in price pressures. Subject matter exclusive to subscribers. To have full access, access the link of the subject and register.
Euro zone business activity growth hits highest since November, PMI shows
Euro zone business activity has grown at its fastest pace this year in August, buoyed by stronger new orders — particularly in manufacturing — and a return to export growth, according to a survey which also showed easing price pressures.
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