Eurozone manufacturing near record high in January
Source - SMW
The eurozone manufacturing sector made a strong start to 2018.
Although January saw rates of growth in output and new orders ease from near-record highs at the end of last year, they remained among the best seen since the survey began in 1997.
The final IHS Markit Eurozone Manufacturing PMI posted a three-month low of 59.6 in January, down from December's record high of 60.6 and identical to the earlier flash estimate. The PMI has signalled expansion in each of the past 55 months.
Sector data signalled solid growth across the consumer, intermediate and investment goods categories, with the steepest rates of expansion in the latter two. This was despite consumer goods being the only category to see growth accelerate during the latest survey month.
The Netherlands PMI rose to a series-record high in January, taking it to the top of the euro area rankings. Italy also saw growth improve, to an 83- month high, while the Greek PMI moved to its highest level in over a decade.
Although rates of expansion eased in the other nations covered by the survey, PMI readings remained close to record highs in Germany, Austria, Italy and Ireland, and among the best for 17 and 10 years in France and Spain respectively.