Sep 24, 2010
8:00:00 AM
| Last Updated
The September flash PMI reading of the eurozone composite index declined significantly to 53.8 from 56.2 in August, led by slower output growth in the manufacturing and services sectors. The latter two indexes now stand at 53.6, compared with the August readings of 55.1 and 55.9, respectively. Looking forward, the manufacturing new orders-to-inventory ratio also lost ground, mostly on sluggish growth in new orders. The geographical breakdown indicates that the sharpest setback occurred in Germany, whereas the rate of[...]
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