MILAN (Reuters) – The growth of the private sector in the euro zone was weaker than expected in May, but the companies have increased recruitment to faster pace in four years, suggesting greater optimism.
And ‘what emerges from the survey information on purchasing managers by Markit, which are processed on the basis of indexes PMI (Purchasing Managers’Index), a barometer of economic activity, which were published readings flash related current month.
The PMI composite index, a combination of manufacturing and services, has slowed the growth to 53.4 from 53.9, resulting in weaker than expected, who were marginal for a brake 53.8. The index however remains above the threshold of 50 points, indicating expansion for the twenty-third consecutive month, according to economists at Markit compatible, with a GDP growth of 0.4% in the second quarter.
It shows a growth beyond expectations – the best since April 2014 – the manufacturing PMI, which has led to 52.3 from 52.0 in April, compared with estimates for a stable reading to 52.0.
Below expectations, however, the performance of the services, which have slowed the pace of expansion to 53.3 from 54.1 in April, while the median estimate of analysts polled by Reuters in a survey suggested a slowdown smaller 53.9.
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