The Eurozone private sector grew at its fastest pace for 15 years in June, supported by increasing output levels in both manufacturing and service sectors.
- The HIS Markit Eurozone PMI increased to 59.5 in June from 57.1 in May. The recent strengthening of the index depicted a marginal improvement in manufacturing output and its best service sector expansion since 2007.
- The levels of new business activities among the private sector firms in the Eurozone expanded at a significant pace. Growth in business activities was the best in 21 years.
- New export business was driven by strong performance in the manufacturing sector, which increased at the sharpest rate since 2014.
- Production capacity came under significant pressure over the month of June, as evidenced by the increase in backlogs of work in four continuous months.
Staffing levels also increased significantly in five consecutive months in the Eurozone as Ireland, Germany, and Spain recorded positive growth of employment.
EURONEXT 100 gains +0.050%
Source: Markiteconomics.
