Eurozone Manufacturing Activity Accelerates for First Time in Three Months

Nov. 2, 2010
Employment in manufacturing rose for the sixth month running

Signals of manufacturing production across the 16 countries in the eurozone accelerated for the first time for three months in October, a closely watched survey showed on Nov. 2.

After an 11-month low point for output growth in September, the final eurozone manufacturing purchasing managers' index produced by London-based Markit hit 54.6 points, half a point up from the first estimate and well up on 53.7 the previous month.

However, the researchers said that national disparities remained of concern, with Greece the only nation not to signal expansion of activity.

Readings for Spain and Ireland rose back above the neutral 50.0 mark, and employment in manufacturing rose for the sixth month running -- although job creation was centred on Germany, the Netherlands and Austria.

Markit chief economist Chris Williamson said that the spike compared to the estimate implied that growth picked up at the start of the fourth quarter, boosted by rising export sales.

Nevertheless, he said the recovery has "moved down a gear" and he highlighted minimal rises in production for the Netherlands, Ireland and Spain, compared to the strong growth in Germany, France and Italy.

Copyright Agence France-Presse, 2010

Popular Sponsored Recommendations

Powering Up Productivity: The Transformative Power of AP Automation in Manufacturing

Oct. 25, 2023
Discover how AP Automation is revolutionizing the manufacturing industry, driving efficiency, cost savings, and security. In today's world, automation is the key to staying competitive...

Modern Edge Computing Accelerates Smart Manufacturing Initiatives for Discrete Manufacturers

Oct. 22, 2023
Discover how Edge Computing platforms are a requisite for discrete manufacturers to solve production challenges, accelerate digitalization, and establish a reliable infrastructure...

7 Crucial Steps to Improve Your OT Security

Oct. 23, 2023
Enhance OT security in manufacturing and production. Uncover the crucial steps to safeguard your operational technology. Protect against evolving threats and bridge the IT-OT ...

Gain a competitive edge with real-world lessons on private 5G networks

Nov. 16, 2023
The use of private networks in manufacturing applications is rapidly growing. In this paper, we present valuable insights and lessons learned from the field with the goal of enhancing...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!