• Conditions in the euro area manufacturing sector strengthened to the greatest extent in over six-and-ahalf years

Market news

2 October 2017

Conditions in the euro area manufacturing sector strengthened to the greatest extent in over six-and-ahalf years

At a 79-month high of 58.1, little-changed from the flash estimate of 58.2, the final IHS Markit Eurozone Manufacturing PMI signalled expansion for the fifty-first month in a row. The average reading over the third quarter (57.4) was the highest since the opening quarter of 2011.

The upturn remained broad-based by nation, with all eight of the surveys comprising the euro area average reporting growth. Germany moved back to the top of the rankings - its PMI hit a 77-month high - while the Netherlands PMI scored a 79-month record, in second position overall. Austria was again one of the strongest-performing nations, despite seeing growth ease to a four-month low.

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