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.