Eurozone manufacturing PMI hits 69-month high at start of 2017Staff Writer | February 4, 2017
The start of 2017 saw a marked improvement in business conditions at eurozone manufacturers.
Europe Markit Eurozone Manufacturing PMI
Price pressures continued to intensify, however, with rates of inflation in input costs and output charges both gathering pace.
At 55.2 in January, up from 54.9 in December, the final Markit Eurozone Manufacturing PMIrose to a 69-month high and was above its earlier flash estimate of 55.1.
The headline PMI has signalled expansion in each month since July 2013.
National PMI data signalled that growth was fastest in Austria, the Netherlands and Germany.
The rate of improvement in business conditions hit a 70-month record in Austria, a three-year high in Germany and remained elevated in the Netherlands despite easing to a three-month low.
Strong growth was also signalled in Spain (20-month high) and Ireland (2- month low).
The recent improved performance of France continued to gather pace, as highlighted by the French PMI rising to a 68-month high.
In contrast, the downturn in Greece accelerated. ■