September saw the slowest growth in euro area economic activity of the 5 past month

By: Trademagazin editor Date: 2021. 09. 24. 11:00

To an unexpected extent, the growth rate of economic activity in the euro area slowed to five months low, according to a preliminary assessment of a survey of purchasing managers by the IHS Markit Institute for Economic Research in London in September.

Euro area PMI pending

In September, the preliminary value of the euro area manufacturing purchasing managers’ index (PMI) fell to 58.7 points, to a 7-month low from 61.4 points in August.

The service sector PMI reached a 4-month low of 56.3 points in September on a preliminary basis after 59.0 points in August.

The composite PMI formed by combining manufacturing and service industry data was 56.1 points in September, a 5-month low after 59.0 points in August. (MTI)