RTTNews - Eurozone manufacturing activity in July improved more than initially estimated, a report from the Markit Economics showed Monday.
The final Markit Manufacturing Purchasing Managers' Index or PMI for the euro area rose to a 11-month high of 46.3 in July from 42.6 in June. The index also stood above the flash estimate of 46. This was the second strongest rise in points terms in the history of the survey. However, the index is still below the neutral level of 50, showing a contraction in the sector.
A reading above 50 indicates expansion, while a reading below 50 signals a contraction.
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