1 Jul 2015
Eurozone manufacturing activity accelerates in June
FXStreet (Mumbai) - The final seasonally adjusted Eurozone Manufacturing PMI rose for the second month in June to 52.5, its highest reading since April 2014. The PMI stood at 52.2 in May.
An Impressive second quarter
The official report says, “The performance of the manufacturing sector also made progress during the second quarter as a whole, with the average readings for the headline PMI and the indices tracking both output and new orders all at their highest levels since Q2 2014.”
Inflows of new work from both domestic and export clients improved in June. The employment level rose in the manufacturing sector for the tenth consecutive month in June. Cost inflation remained solid in June due to the uptick in oil prices and imported inflation due to weak Euro. Average selling prices at eurozone manufacturers rose for the second time in the past three months.
An Impressive second quarter
The official report says, “The performance of the manufacturing sector also made progress during the second quarter as a whole, with the average readings for the headline PMI and the indices tracking both output and new orders all at their highest levels since Q2 2014.”
Inflows of new work from both domestic and export clients improved in June. The employment level rose in the manufacturing sector for the tenth consecutive month in June. Cost inflation remained solid in June due to the uptick in oil prices and imported inflation due to weak Euro. Average selling prices at eurozone manufacturers rose for the second time in the past three months.