Weak euro boosts eurozone manufacturing, says PMI survey
Manufacturing and jobs are picking up in the eurozone thanks to the weaker euro, according to a survey.
Markit’s purchasing managers’ index (PMI) for the manufacturing sector rose to a 10-month high of 52.2 in March as eurozone factories benefited from the weaker currency.
It is the 23rd consecutive month that the index has been over 50, indicating growth rather than contraction.
Companies created jobs at the quickest pace for three and a half years.
“March saw the sharpest increase in new export orders since April 2014. Companies reported that the weaker euro was the main factor driving new export orders higher,” said Chris Williamson, Markit’s chief economist.
“This is still a fledgling recovery, however, and the overall rate of expansion remains only modest.”
Ireland and Spain led the board with PMI figures of 56.8 and 54.3 respectively, while growth also improved in Germany, Italy and the Netherlands.
But PMI readings in France, Greece and Austria remained below 50.
The euro has fallen nearly 12% since January due to the expectation and then implementation of the European Central Bank’s policy of increasing the money supply through quantitative easing.
Culled from; BBC News
1st April, 2015.
8 Comments
Very rapidly this website will be famous among all blogging users, due to it’s
pleasant articles or reviews
I know this web site provides quality depending articles and additional data, is there
any other website which provides these kinds of information in quality?
After I initially commented I appear to have clicked the -Notify me when new comments are added- checkbox and now each time a comment is added
I receive 4 emails with the same comment. There has to be an easy method you
are able to remove me from that service? Thank you!
Very quickly this website will be famous amid all blogging users, due to it’s good articles or reviews
Nice post. I used to be checking constantly this weblog and I
am inspired! Extremely helpful info specially the last section 🙂 I handle such info a lot.
I was seeking this particular info for a long time.
Thanks and best of luck.
My brother suggested I might like this blog.
He was entirely right. This post truly made my day.
You cann’t imagine just how much time I had spent for this info!
Thanks!
I’ll immediately clutch your rss as I can’t find your email subscription link or newsletter service.
Do you have any? Kindly let me know in order that I could subscribe.
Thanks.
Just desire to say your article is as surprising. The clearness for your submit is just cool
and i could think you’re a professional in this subject.
Well with your permission allow me to seize your feed to stay
up to date with approaching post. Thanks one million and please
keep up the enjoyable work.