Eurozone manufacturing grows at six-year high: IHS Markit
Xinhua, May 2, 2017 Adjust font size:
The Eurozone manufacturing sector rose to a six-year high in April, according to IHS Markit on Tuesday.
The Eurozone manufacturing purchasing managers' index (PMI), produced by IHS Markit, stands at 56.7 in April, up from 56.2 in March.
In a news release, IHS Markit said seven out of the eight Eurozone nations covered recorded an improvement in operating conditions, adding that growth was led by Germany, which saw its rate of expansion remain close to March's 71-month high.
Output, new orders and employment all rise at quickest rates in six years, according to IHS Markit.
IHS Markit, based in London, is a global financial information and analytics company.
It said Eurozone's buoyant business conditions in April signalled an encouragingly solid start to the second quarter.
"Companies are benefitting from the historically weak euro, improved growth in key export markets, rising domestic demand and ongoing central bank stimulus including record-low interest rates.
"Optimism about the year ahead meanwhile appears unaffected by political worries, with the first four months of 2017 seeing confidence remaining elevated at the highest level since the future output series started in 2012," IHS Markit said. Endit