Eurozone Manufacturing PMI at 49.6 in August... Below Expectations
[Asia Economy Reporter Hyunju Lee] The Eurozone Manufacturing Purchasing Managers' Index (PMI) for August was recorded at 49.6 on the 1st.
The Manufacturing PMI measures the activity level of purchasing managers in the manufacturing sector. A value above 50 indicates growth in the manufacturing sector, while below 50 signifies contraction.
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The August Eurozone Manufacturing PMI was below the forecast (49.7). When the actual figure is lower than expected, it implies a negative outlook and value for the euro.
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