Markit eurozone manufacturing PMI 45.3 in August vs. 44 in July; manufacturing output 44.6 vs....

|By:, SA News Editor

Markit eurozone manufacturing PMI 45.3 in August vs. 44 in July; manufacturing output 44.6 vs. 43.4; services 47.5 vs. 47.9; composite output 46.6 vs. 46.5. The data "reinforces the prevailing view" that the economy will drop back into recession in Q3 says Markit. "The July and August readings would historically be consistent with GDP falling by around 0.5%-0.6% quarter-on-quarter." (PR)