Eurozone manufacturing activity stable

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Flash PMI indicators for key European economies suggest August's bounce wasn't a one off. While the headline numbers for the eurozone, France and Germany are estimated to have edged down the picture appears to be one of stabilistation.

Manufacturing PMI: 50 = no changeSource: Markit Economics

Key points from Markit

  • In the eurozone the output and orders components of the index rose for the third consecutive month.
  • 2013q3 should see the strongest quarter for eurozone manufacturing for more than two years.
  • Production levels across German manufacturing were also up in September, but pace of increase has eased.
  • The French manufacturing PMI has yet to register above 50 this year, output continued to fall pushing the overall index down slightly for September.

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