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Euro zone factory growth slows
01 Sep 2014 12:12
Euro zone manufacturing growth slowed slightly more than initially thought last month as new orders dwindled and factories suffered amid rising tensions in Ukraine, a business survey showed today.
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Factories barely increased prices last month, and manufacturing activity in France fell at the fastest pace in 15 months.
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Markit's final August manufacturing Purchasing Managers' Index came in at 50.7, the lowest in over a year and below both July's 51.8 and an earlier flash estimate of 50.8.
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But August still marked the 14th month in a row the index has been above the 50 line that separates growth from contraction.
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