Manufacturing price rises likely after eurozone PMI hits record high in December

By Lee Allen / January 02, 2018 / www.metalbulletin.com / Article Link

Prices are likely to rise in the eurozone manufacturing sector this year following the purchasing managers' index (PMI) for the region reaching a record high in December 2017, data organization IHS Markit said on Tuesday January 2.

December's final manufacturing PMI for the eurozone was 60.6, compared with 60.1 in July, amid strong expansions in new orders and output. The reading was the highest recorded by IHS Markit since it began conducting the survey in mid-1997. Anything above 50 indicates that the manufacturing economy is expanding, while a reading below 50 indicates a contraction. "Forward looking indicators bode well for the New Year: new orders rose at a near record...

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