FXStreet (Mumbai) – The preliminary Markit data released today showed the private sector growth eased slightly in September from August’s 51-month record.
The data showed services growth remains solid, while the growth of manufacturing output slows to four-month low. The Markit Eurozone PMI slipped from 54.3 in August to 53.9 in September. The manufacturing PMI slipped to 52.00 from August’s 52.3, while the services PMI fell to 54.0 from August’s 54.4.
Key Points in official report
Inflows of new business hit a five-month high in services and held close to August’s 16-month high in manufacturing.
Average input costs rose marginally. The marked decline in manufacturing costs reflected widespread commodity price falls, especially oil. Input cost inflation in services edged slightly higher. Average selling prices were meanwhile largely unchanged compared with August.
(Market News Provided by FXstreet)