Euro zone economic growth remains sluggish in August, PMI shows
4 Articles
4 Articles
Euro zone economic growth remains sluggish in August, PMI shows
The euro zone economy kept expanding at a snail's pace in August as weaker services growth offset improved manufacturing output, despite the first rise in overall new orders since May last year, a survey showed on Wednesday.
The euro area economy continued to expand as a turtle in August, as the lower growth in services offset the improvement in manufacturing production, despite the first increase in new global orders since May last year, according to a survey yesterday, September 03.The HCOB index composed of purchasing managers (PMI) of the euro area, produced by S&P Global, rose to 51 points in August, compared to 50.9 points in July, which means a maximum of 12 …
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