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Euro Area’s Manufacturing PMI jumps to 2-year high

The headline PMI in the Euro Area declined to 50.4 in September compared to 51.7 in August
The headline PMI in the Euro Area declined to 50.4 in September compared to 51.7 in August
The headline PMI in the Euro Area declined to 50.4 in September compared to 51.7 in August
Data Bytes
26th October 2020

The purchasing managers’ index (PMI) in Euro Area’s manufacturing sector jumped to 2-year high in September, reaching 53.7, seasonally-adjusted data by IHS Markit shows. Services PMI, however, dropped to 48, again diving into contraction territory. Each figure under 50 indicates contraction in the sector, while a figure above this threshold – expansion. 

The headline PMI in the Euro Area declined to 50.4 in September compared to 51.7 in August
The headline PMI in the Euro Area declined to 50.4 in September compared to 51.7 in August. Despite the good performance of the manufacturing, business activity in the services sector deteriorates, as many countries in the Eurozone are again imposing social distancing measures in a bid to contain the spike in COVID-19 cases.

Further data and analysis on China’s economy is available on the CEIC Euro Area Economy in a Snapshot – Q3 2020 report.

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26th October 2020 Euro Area’s Manufacturing PMI jumps to 2-year high