Eurozone manufacturing near stagnation
Dragged down by Germany, Sept PMI falls to touch 14-month low: Markit
[BRUSSELS] The eurozone's manufacturing sector reported lacklustre activity in September, set back by a fall in production by Germany, a survey showed on Wednesday, adding to clouds over the single currency zone.
The latest survey of leading indicators from manufacturing industries in the eurozone, the purchasing managers' index (PMI), gave a reading of 50.3 points, down from 50.7 points in August and the lowest for 14 months.
The survey, by the Markit analysis group, is closely watched as a reliable indicator of future performance of manufacturing activity, and the new figures are likely to raise pressure on the European Central Bank to do more to avert deflation.
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