Angela Merkel factoryAP Photo/Heribert ProepperEuropean industrial production is coming
Eurozone manufacturing purchasing managers' index (PMI) surveys came out on Thursday — they're one of the most-watched business surveys across the bloc, indicating the strength of the industrial sector before any official production data is released.
The flash PMI, based on the early returns of the survey and for which only details of France and Germany are available, came in at 52 — and so did the complete survey.
That's above the neutral 50 level, indicating growth, but not too much of it.
Here's the breakdown:
  • Spain: 51.7 (53 expected, 53.2 previous)
  • Italy: 52.7 (53.3 expected, 53.8 previous)
  • France: 50.6 (50.4 expected, 48.3 previous)
  • Germany: 52.3 (52.5 expected, 53.3 previous)
  • Eurozone total: 52 (52 expected, 52.3 previous)

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