Eurozone business keeps growing at solid pace
Business in the Eurozone kept growing at a solid pace in August, thanks to robust manufacturing performance that easily offset a slight slowdown in services growth.
The Flash Eurozone Composite PMI (Purchasing Managers’ Index) edged up from 55.7 points to 55.8 in August. The PMI, which is believed to be a strong indicator of the region’s overall economic growth, also outshined the median Reuters Poll’s estimate of 55.5.
The positive data was driven by the best manufacturing performance in more than six years in spite of a strong euro, data released on Wednesday showed.
Bert Colijn, a senior economist with ING, “Even though service sector growth has been somewhat weaker recently, the fundamentals for continued strength in the second half of 2017 are still there.”
The momentum was mainly underpinned by robust manufacturing growth in Germany and France, where manufacturing PMIs surpassed even analysts’ most optimistic predictions.
The encouraging data will likely support expectations that the European Central Bank (ECB) will push ahead with its plans to scale back its multi-billion euro monthly asset purchases later this year.
According to recent reports from scientific institution, NASA is get closer to the sun using a solar probe which was designed for viewing the sun at close range.
According to the hailing company, Uber will seize off all the self-driven tucks which currently are operating within the US highways following hauling of shipments and cargo on board.
Piezoelectric Bioceramic Market report focuses on growth analysis and historical & futuristic cost of Piezoelectric Bioceramic industry.
The research report gives detail analysis on Multistage Pump Market which is helpful to understand the previous situation.
Injection Molding Machine Market Report offers overall business strategies and market trends to those who are actively seeking an effective way to grow in the industry.