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Friday, August 21, 2015

Here come the eurozone's PMI scores...

Eurozone purchasing managers' index (PMI) survey data for August are being released Friday morning — the first indicator of how Europe's big economies are performing. Today it's the flash reading, so we'll only get scores for France, Germany, and the eurozone as a whole. In September, Markit will release more data giving the national breakdown. Anything over 50 signals growth, and anything below signals contraction. Here's what we have so far: France: Europe's second-biggest economy's score fell to 51.3 (PMI previously 51.5). Germany: Out at 8:30 a.m. London time (3:30 a.m. ET). Analysts are expecting a small improvement in the services sector (PMI previously 53.7). Eurozone as a whole: Out at 9 a.m. London time (4 a.m. ET). Analysts expect the overall composite PMI to fall very slightly to 53.8 (PMI previously 53.9).  Join the conversation about this story » NOW WATCH: 6 mind-blowing facts about Greece's economy


READ THE ORIGINAL POST AT uk.businessinsider.com