Euro zone’s economic growth has accelerated
Euro zone’s economic performance increased with a slightly faster pace in July. It seems that the region got over quickly over Brexit – the Purchasing Manager Index (PMI) of the Markit Economics Institute for Economic Research revealed on Wednesday.
Data firm IHS Markit Wednesday said its measure of private-sector activity, known as the composite Purchasing Managers Index, rose to 53.2 in July from 53.1 in June. The final PMI for the currency area was raised from a preliminary estimate of 52.9, at which level the measure indicated a slight slowdown in July. A reading below 50.0 signals a decline in activity, and a reading above that level indicates an expansion. (MTI)
Related news
Sentix: Eurozone investor confidence index improved significantly in May
The Sentix eurozone investor confidence index for May improved more…
Read more >Eurozone inflation rose slightly in April
Eurozone inflation in April was higher than expected and unchanged…
Read more >Eurozone GDP growth faster than expected in the first quarter
Eurozone gross domestic product (GDP) grew more than expected in…
Read more >Related news
GKI Analysis: Without EU funds, the domestic economy would just flounder
On May 1, Hungary marks the 21st anniversary of joining…
Read more >NGM: we always take action against unjustified price increases, inflation may decrease further in the coming months
The government is successfully fighting price increases. In April, inflation…
Read more >April inflation was higher than expected
In April, annual inflation was 4.2 percent, and prices rose…
Read more >