The industrial activity of the euro zone manages to pick up in July despite short-term doubts due to the international environment
El índice PMI manufacturero muestra un gran impulso de la producción de las fábricas de la zona euro, con su mejor dato en cuatro años, pero la demanda futura se debilita
European industry activity grows despite uncertainty over the war in Iran. The manufacturing PMI, which measures the dynamism of eurozone factories, stood at 51.9 points, its best record since April and five tenths more than in June. This figure also shows that the sector remained in expansionary territory, standing above 50 points.
The indicator published this Monday by S&P Global and Hamburg Commercial Bank (HCOB) reflects that looking exclusively at factory production in July, it achieved its best performance since March 2022. This constitutes “a solid trend”, according to both bodies. However, the managers of this index highlight that at the start of the third quarter “a generalised reduction in activity was observed” due to the lower volume of purchases made by eurozone factories.
Translated by urgent.news from El Pais Economia's report; automated translation may contain errors. Machine-written — it may contain errors, so check the original before relying on it.
