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Friday, August 21, 2015

The eurozone PMI just beat analyst expectations for August

Eurozone purchasing managers' index (PMI) survey data for August were released Friday morning — the first indicator of how Europe's big economies are performing. For the bloc as a whole, it's good news — growth was a little stronger than analysts expected. Today it's the flash reading, so we only have 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 got: France: Europe's second-biggest economy's score fell to 51.3 (PMI previously 51.5). Germany: On the other hand, Germany recorded an improvement, with a composite PMI of 54 (PMI previously 53.7). Eurozone as a whole: For the bloc as a whole, the PMI composite rose to 54.1. Analysts had expected the overall composite PMI to fall very slightly to 53.8 (PMI previously 53.9). The eurozone economy grew by 0.3% in the second quarter of the year, following 0.4% in Q1. Join the conversation about this story » NOW WATCH: 6 mind-blowing facts about Greece's economy


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