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Eurozone Sept factory PMI hits highest since Feb 2011

As new order growth accelerates, the momentum seems looks to continue into October


Factories across the euro zone enjoyed their most productive month since early 2011 in September, and the momentum looks set to continue into October as new order growth accelerated, a survey showed on Monday. That increase in demand and activity came despite firms raising prices at the fastest rate in five months, in welcome news for policymakers at the European Central Bank, which looks set to announce a reduction of its asset-buying programme soon. IHS Markit's final manufacturing Purchasing Managers' Index climbed to 58.1 from August's 57.4, just missing a flash ...

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First Published: Mon, October 02 2017. 16:31 IST