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Eurozone manufacturing sector remains stable in July
(MENAFN) Eurozone manufacturing purchasing managers' index (PMI) stays stable at June's seven-month low of 51.8, Xinhuanet reported.
The index is lower than 51.9 of the flash estimate, indicating lackluster growth by Eurozone manufacturers.
Eurozone manufacturers reported further growth of output, new orders and new exports. However, the rates of expansion all remained weaker than the highs seen at the start of the year.
"The final manufacturing PMI for the euro area for July came in slightly below the flash estimate, most likely reflecting growing concerns following the escalation of the crisis in Ukraine towards the end of the month," said Chris Williamson, chief economist at Markit.
The index is lower than 51.9 of the flash estimate, indicating lackluster growth by Eurozone manufacturers.
Eurozone manufacturers reported further growth of output, new orders and new exports. However, the rates of expansion all remained weaker than the highs seen at the start of the year.
"The final manufacturing PMI for the euro area for July came in slightly below the flash estimate, most likely reflecting growing concerns following the escalation of the crisis in Ukraine towards the end of the month," said Chris Williamson, chief economist at Markit.
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