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Monday, September 23, 2013

Eurozone PMI index rose to 52.1 points.


The composite index of purchasing managers (PMI) euro zone in September 2013 rose to 52.1 points, the highest since July 2011 , compared with 51.5 in the previous month , according to preliminary data research organization Markit Economics.
Analysts polled by Bloomberg, predicted the rate at the level of 51.8 points.
The indicator value above 50 indicates an increase in activity in the economy , below this level - its decline. Consolidated Eurozone PMI is above 50 points in the third month in a row.
" The main trend in the euro-zone economy - it's a slow recovery - said the chief economist at Investec Securities Ltd. , London Philip Shaw. - In recent months, PMI figures indicate the completion of a recession in the region."
The activity index of service eurozone rose in September to 52.1 points from 50.7 points in August , the index of manufacturing activity fell to 51.1 points from 51.4 in the previous month .
Experts expect an average increase of Services PMI up to 51 points, the manufacturing PMI - to 51.7 points.
The index of activity in the services sector in Germany rose in September to 54.4 points from 52.8 points in August , in the manufacturing sector - fell to 51.3 points from 51.8 points.
French service indicator rose this month to a maximum of 20 months 50.7 points from 48.9 points , the manufacturing PMI fell to 49.5 points from 49.7 points.
Eurozone GDP grew by 0.3 % in the II quarter after the recession lasted six quarters - the most persistent in the history of the currency bloc .