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Euro zone factories round off first half of 2017 on six-year high: PMI
by Jonathan Cable
Reuters Translate This Article
3 July 2017
On 3 July 2017 Reuters reported:
Factories across the euro zone rounded off the first half of 2017 by ramping up activity at the fastest rate for over six years as rising prices failed to put a dent in orders, a survey showed on Monday, 3 July. IHS Markit's Manufacturing Purchasing Managers' Index for the euro zone ... was the highest since April 2011 and was comfortably above the 50 level that separates growth from contraction. Suggesting the momentum will continue into the second half, new orders rose at the fastest rate since early 2011, backlogs of work increased at the fastest pace in over 13 years ... factories increased headcount at a near record pace. That meant manufacturers were at their most optimistic for at least five years.
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