The Eurozone's manufacturing Purchasing Managers' Index (PMI) for August slightly exceeded expectations.
According to S&P Global on the 21st, the Eurozone's August manufacturing PMI was recorded at 45.8, slightly higher than the forecast of 45.6.
The manufacturing PMI measures the activity level of purchasing managers in the manufacturing sector. Generally, a value above 50 indicates economic expansion, while below 50 indicates economic contraction.
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