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EU PMI accelerates in July

08-03-2010 13:51 BJT

In contrast to the U.S' slowing growth, the European manufacturing sector accelerated more than previously estimated in July. The figures indicate an export-led recovery maintained its momentum.

Markit Economics says the euro-zone manufacturing purchasing managers index for July rose to 56.7, up 1.1 points from June. The figure is a three-month high and above a previous forecast. But the growth is driven largely by a surge in German production, a very uneven recovery.

European manufacturers have supported the region's recovery by stepping up output to meet global export demand.

Editor:Xiong Qu |Source: CNTV.CN

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