Eurozone manufacturing PMI was estimated at 51.7 for the month of August 2013 by HSBC, which was at the highest level in the last 26 months. The PMI rose for the fifth successive month, up from 50.5 in July to 51.7 in August 2013.
Figure 1: Markit (Flash) Eurozone PMI and GDP
Eurozone Manufacturing PMI
According to the press release by Markit, "both manufacturing and services reported higher output in August, with goods producers reporting the larger increase." New orders increased marginally in August while the composites for both goods and services increased...


