Eurozone manufacturing activity expanded in August for the first time since mid-2022 due to a surge in domestic demand and output, raising optimism around future production, a survey showed.
The HCOB Eurozone Manufacturing Purchasing Managers’ Index (PMI) rose to an over-three-year high of 50.7 in August from 49.8 in July, surpassing the 50.0 threshold that separates growth from contraction. It was also higher than a preliminary estimate of 50.5.
While
