Eurozone factory activity still growing

|By:, SA News Editor

Eurozone manufacturing PMI edged down to 51.1 (flash 51.1) in September from 51.4 in August.

The eurozone's recovery remains broad-based, with output rising in all nations except France and Greece, says Markit. Holland enjoyed a 29-month high of 55.8 and Ireland a 14-month high of 52.7. Manufacturers in the eurozone periphery are reporting better demand for their goods.

However, "this is still early days in what looks like a fragile recovery," says Markit.

The euro seems to have enjoyed a bit of a bump from the PMI figures and the EUR-USD is +0.3% to $1.3565. (PR)

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