Manufacturing activity in the 15 countries sharing the euro retreated faster than expected in September, according to a widely watched survey released on Oct. 1. The eurozone’s purchasing managers’ index (PMI) for the manufacturing sector, compiled by data and research group Markit, slipped to 45 points in September from 45.3 points in August.
The reading was worse than a first estimate of 45.3 points and marked the fourth month running that the index has been in contraction territory, which is indicated by a result of less than 50.
Source: Agence France-Presse
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