Euro-zone Aug. manufacturing PMI falls to 55.1

Discussion in 'Economics' started by ASusilovic, Sep 1, 2010.

  1. FRANKFURT (MarketWatch) -- The pace of growth in the 16-nation euro zone's manufacturing sector slowed in August, according to the final Markit manufacturing purchasing managers index released Wednesday. The PMI fell to a six-month low of 55.1 from 56.7 in July, but was slightly above a preliminary reading of 55.0. A PMI of more than 50 indicates growth in activity, while a figure of less than 50 signals contraction. "Although the PMI signalled a slight loss of growth momentum, the rate of expansion remained robust and faster than the survey average," Markit said.

    Wait a moment: reaings above 50 indicate growth ? Ay, ay, ay. I thought we are 1.000.000 % in a double / tripple / quadrupple recession. LOL !:cool: :D :D :D