The German economy is pulling up euro area’s manufacturing industry

According to the datas of the London-based Markit market research company; The growth of the manufacturing industry continued to accelerate in July.

The manufacturing purchasing managers index (PMI) increased to 56.7 points, from the 55.6 points of June, surpassing the expected 56.5 points.
But in most countries of the EU16, the local manufacturing PMI index of the recent months is lagging behind the registered annual peak – reports mfor.hu.