Economics analysis firm Markit reported that Eurozone Manufacturing PMI reached a 13-month lost in August.
Source: Thinkstock
The official announcement:
The rate of expansion in eurozone manufacturing production eased to its lowest during the current 14-month growth sequence in August, as companies faced slower increases in both total new orders and new export business.
The final seasonally adjusted Markit Eurozone Manufacturing PMI® posted 50.7 in August, down from 51.8 in July, its lowest reading since July last year. The headline PMI was also below its earlier flash estimate of 50.8.
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