THEEurozone manufacturing PMI it dropped from 51,4 points in August to 51,1 in September, disappointing the expectations of analysts, who had predicted growth to 51,6 points. The figure, elaborated by Markit, however remains above the fateful threshold of 50 points, which marks the demarcation line between expansion and contraction of activity. The composite production index, on the other hand, rose to 52,1 points, the highest since June 2011, thanks to the growth in services.
In Germany the preliminary figure of the PMI index of services stood at 54,4 points, a clear increase compared to 52,8 in August. The figure was higher than the 53,1 points expected by economists.
In France, on the other hand, the manufacturing index recorded a slight drop, from 49,7 points to 49,5, returning to its lowest level for 3 months. Despite this, the composite index and the French services index rose to their highest levels in 20 months, reaching 50,2 points (from 48,8) and 50,7 (from 48,9) respectively.
