Sunday 24 September 2017

Eurozone PMI dips in April from March high

The PMI figure has remained in expansionary mode for the past 22 months. Photo: PA
The PMI figure has remained in expansionary mode for the past 22 months. Photo: PA
John Mulligan

John Mulligan

Ireland and Spain remained the strongest performers in the Eurozone's manufacturing sector during April, new figures show.

The Markit Eurozone Manufacturing Purchasing Managers' Index shows that the rate of expansion of the overall sector in the region slowed slightly compared to March, to 52 from 52.2. Any figure above 50 indicates expansion. The figure in March was a 10-month high.

The PMI figure has remained in expansionary mode for the past 22 months.

"Although domestic market conditions were subdued in a number of nations, most benefited from increases to new export orders," according to Markit.

It said that the level of new orders rose for the fifth month in a row.

The Investec Manufacturing Purchasing Managers' Index for Ireland stood at 55.8 in April, according to figures released last week.

Irish Independent

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