Eurozone private business PMIs reach 10-month high
AFPBRUSSELS--Private business activity across the eurozone hit a 10-month high level in January, according to a leading growth indicator released on Thursday.
January 25, 2013, 1:05 am TWN
The Purchasing Managers' Index published by London-based Markit researchers, a survey of thousands of eurozone companies, logged 48.2 points in compared to 47.2 points the previous month.
January marked a third rise running for the index, even though it remains below the boom-and-bust 50-point line indicating economic growth or contraction — a 16th shrinkage in 17 months.
Manufacturing production fell for the 11th month in a row, with both the manufacturing and services sectors each registering their smallest retreat in 10 months.