Newsroom: Industry News
Last week was a slower one for indicators, but the data points that were released reflected mostly positive trends, with the global economy showing signs of continued progress. Along those lines, the IHS Markit Flash Eurozone Manufacturing PMI rose once again to its fastest pace since April 2011. This suggests that manufacturers in Europe have mostly brushed off political uncertainties, with economic growth on the continent continuing to trend in the right direction. New orders and output accelerated further in June, with both at levels not seen since early 2011. Looking ahead six months, the future output index reflected healthy expectations moving forward, with that measure at its highest point since it was introduced in mid-2012. In addition, IHS Markit also released preliminary figures for France and Germany, which were both promising despite mixed results in June.