The euro area manufacturing sector expanded at a moderate pace, as initially estimated, in August despite the severe constraints on economic activity related to fighting the global coronavirus disease, final survey data from IHS Markit showed on Tuesday.
The manufacturing Purchasing Managers' Index fell slightly to 51.7 in August from 51.8 in July. The reading matched the flash estimate. Manufacturing output growth reached its highest level for over two years. At the same time, new orders increased for the second month but eased slightly on July's near two-and-a-half-year peak.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.