KONTAN.CO.ID - LONDON, Eurozone manufacturing activity remained mired in a deep and broad-based downturn last month, according to a survey which showed on Monday that demand kept shrinking at a pace rarely surpassed since the data was first collected in 1997. HCOB's final euro zone manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, dipped to 43.4 in September from August's 43.5, matching a preliminary estimate. A reading below 50 marks a contraction in activity. An index measuring output, which feeds into a composite PMI due on Wednesday and is seen as a good gauge of economic health, fell to 43.1 from 43.4.
Euro Zone Factory Activity Stuck in Steep Downturn in Sept - PMI
KONTAN.CO.ID - LONDON, Eurozone manufacturing activity remained mired in a deep and broad-based downturn last month, according to a survey which showed on Monday that demand kept shrinking at a pace rarely surpassed since the data was first collected in 1997. HCOB's final euro zone manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, dipped to 43.4 in September from August's 43.5, matching a preliminary estimate. A reading below 50 marks a contraction in activity. An index measuring output, which feeds into a composite PMI due on Wednesday and is seen as a good gauge of economic health, fell to 43.1 from 43.4.