The FX PostThe FX Post
    What's Hot

    FlatQube Trade Volume, Trade Pairs & Trust Score

    November 7, 2022

    Step Guide to Winning Forex Trading

    September 19, 2022

    Relationship Between Currency Risk and Foreign Bonds

    September 2, 2022
    The FX Post The FX Post
    • Best Fx Robots
    • Forex
      • News
      • Forex 101
      • Forex Forecasts
      • Broker Reviews
    • Crypto
      • News
      • Crypto 101
      • Crypto Forecasts
      • Crypto Reviews
    • Indices
      • News
      • Analysis
      • Commodities
      • Reviews
    • Automated Trading
      • Forex Signals
      • Forex Robots
      • Copy Trading
    • Top
      • Best Forex Robots
    The FX PostThe FX Post
    Home » Eurozone Manufacturing PMI dropped to 6-Month Low in August to 61.4
    Forex News

    Eurozone Manufacturing PMI dropped to 6-Month Low in August to 61.4

    September 1, 20211 Min Read
    Facebook Twitter Pinterest LinkedIn Reddit
    blue background with euro bills and european union flag symbolizing euro zone
    Share
    Facebook Twitter LinkedIn Pinterest Reddit

    Eurozone manufacturing growth remained relatively strong in August, but supply chain issues caused by the COVID-19 drove up prices and disrupted the supply of raw materials.

    • The easing of restrictions put up in place to stop the coronavirus from spreading has increased demand, but many firms have reported logistical challenges, product shortages, and a labor crunch.
    • The IHS Markit manufacturing PMI dropped to 61.4 in August from July’s 62.8, below an initial 61.5 “flash” estimate.
    • An index measuring output, which links into a composite PMI and is seen as an excellent guide to economic health, dropped from July’s 61.1 to 59.0. Anything above 50 reveals growth.
    • Chris Williamson, a chief business economist at IHS Markit, stated that eurozone manufacturers posted another month of bullish production in August, continuing the growth momentum into its 14th consecutive month.

    A continuing shortage of materials and a lack of transport availability implied sellers of the goods factories needed were again able to ramp up their charges. The input prices index thus remained high at 87.0.

    Euro Stoxx 50 up +1.11%, EUR USD up +0.21%

    Source: IHS Markit.

    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more
    Eurozone manufacturing
    Share. Facebook Twitter Pinterest LinkedIn Reddit

    Related Posts

    European Central Bank

    Christine Lagarde Solidifies ECB’s Message on Combating Inflation

    June 28, 2022
    JPMorgan Chase & Co

    JPMorgan Strategists See Equity Stress Relieving in Second Fifty Percent

    June 21, 2022
    US Fed Hikes Benchmark Interest Rate

    US Fed Hikes Benchmark Interest Rate by 0.75% to 1.75%, Highest Level since March 2020

    June 16, 2022
    European Shares

    European Shares Edged Up Before Fed Rate Hike as ECB Explores Crisis Strategy

    June 15, 2022
    Add A Comment

    Leave A Reply Cancel Reply

      −  2  =  2

    Best FX Post
    Best Forex Robots (Expert Advisors) 2021

    Best Forex Robots (Expert Advisors) 2022: Passive Income From Algo Trading Systems

    July 7, 2021

    Top 10 Lending Platforms for Crypto Loans

    June 1, 2022
    forex eurusd trading charts

    Top 10 Best Forex Brokers In All Times

    June 1, 2022
    Recent Posts
    • FlatQube Trade Volume, Trade Pairs & Trust Score
    • Step Guide to Winning Forex Trading
    • Relationship Between Currency Risk and Foreign Bonds
    • Best Social & Copy Trading Platforms
    • Bitcoin Dips Listed Below $20,000 With Fundstrat Considering ‘Last Washout’
    Featured Reviews
    TechBerry

    TechBerry Review: Pros, Cons, Recommendations

    September 18, 2021
    CryptoHero

    CryptoHero Review: Pros, Cons, Recommendations

    June 3, 2022
    Bitsgap

    Bitsgap Review: Pros, Cons, Recommendations

    April 29, 2022
    Categories
    • Analysis
    • Automated Trading
    • Best FX Post
    • Broker Reviews
    • Commodities
    • Copy Trading
    • Crypto
    • Crypto 101
    • Crypto Bots
    • Crypto Forecasts
    • Crypto Reviews
    • Forex
    • Forex 101
    • Forex Forecasts
    • Forex Robots
    • Forex Signals
    • Guides
    • Indices
    • News
    • News
    • News
    • Reviews
    • Reviews
    • Uncategorized
    Twitter BlogLovin
    © 2023, Thefxpost.com.
    • Contact

    Type above and press Enter to search. Press Esc to cancel.