Manufacturing PMI for Greece and the Eurozone in August 2015

August manufacturing PMIs points to further expansion in the Eurozone; Greek sector continues to decline

The final Eurozone Manufacturing PMI Index came in at 52.3 in August, slightly lower from its July level of 52.41 , bringing the average PMI over the last three months to 52.4 from 51.4 over the same period in 2014. Germany, Italy, Spain, Austria, Ireland and the Netherlands experienced continued growth in their manufacturing sectors (Figure 1), while the corresponding indices in France and Greece remained below the boom-orbust level of 50.0, suggesting ongoing manufacturing contraction (Figure 2).

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GLOBAL FOCUS NOTE_SEPTEMBER 1_PMI_EA_GR