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Eurozone manufacturing rebounds
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Eurozone industry bounced back into growth mode in July, with the sector logging a two-year high, a key leading indicator showed yesterday.
The Markit Eurozone Manufacturing Purchasing Managers’ Index — a survey of about 3,000 firms — came in at an upwardly-revised 50.3 points, the latest sign that a deep and long recession may have ended.
The seasonally-adjusted figure — up from a first estimate of 50.1 points — marked the first time manufacturing was above the 50-point boom-or-bust threshold since July 2011.
Markit said that production rose for the first time since February 2012 and that job losses, while still endemic, were slowing.
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