Eurozone manufacturing activity expanded at its fastest pace in more than four years in August, supported by a sharp increase in new orders and robust factory output, according to a survey released on Tuesday.
The S&P Global Eurozone Manufacturing Purchasing Managers' Index (PMI) rose to 52.7 in August from 51.9 in July, marking its highest level since May 2022. The reading was slightly below the preliminary estimate of 52.8. A reading above 50 indicates expansion in manufacturing activity.
