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.
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