October 6, 2017
The Eurozone continued its resurgence with its latest report on manufacturing. The manufacturing index rose to 58.1 in September from 57.4 in August as output and new orders expanded across the euro area. Strong output growth and new orders tested capacity at eurozone factories, leading businesses to boost their payrolls. That served to push employment to the highest level since the index’s creation in June 1997. Domestic demand also continued to improve with optimism running high among euro area producers for further growth. At the risk of sounding like a broken record, the outlook for the Eurozone manufacturing sector remains strong as businesses expect improving economic conditions and rising demand to continue to support growth over the next 12 months.
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