Euro zone manufacturing growth stagnant in July

Manufacturing growth in the euro zone was stagnant in July, failing to accelerate as expected, as growing tensions between Ukraine and Russia weighted hurt sentiment.

1st August, 2014
Ireland saw a 14th consecutive month of growth for the manufacturing sector

Manufacturing growth in the euro zone was stagnant in July, failing to accelerate as expected, as growing tensions between Ukraine and Russia weighted hurt sentiment.

Markit’s July manufacturing PMI was at 51.8, the same as the June reading, but slightly below an earlier estimate of 51.9.

Manufacturing growth picked up in Germany, but the French PMI dropped to a seven-month low. Downturns in activity were also seen in Greece, Spain and Italy.

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