The Traderszone Network

Published in TZ Latest News 1 September, 2015 by The TZ Newswire Staff

Euro zone factory growth eases in August despite modest price rises – PMI

Euro zone manufacturing growth eased last month, despite factories barely raising prices, adding to the European Central Bank’s woes as it battles to spur expansion and inflation, a survey showed. Markit’s final manufacturing Purchasing Managers’ Index was 52.3 last month, below an earlier flash reading that suggested it had held steady at July’s 52.4. “By nation, the Netherlands, Italy and Ireland remained the most impressive performers,” said Rob Dobson, senior economist at Markit.