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Eurozone – Industrial decision rises again to six – year 's News

Friday, September 1st, 2017 | Economy

After a downturn in July, the Purchasing Managers' Index rose to 57.4 points in August, according to the Institut Markit on Friday in a second estimate. Thus, the mood barometer reached its peak of six years, reached in June. Markit confirmed how experts expect his initial estimate. The indicator remains clearly above the 50-point limit, which is signaled by growth.
In the three largest euro countries – Germany, France and Italy – the mood brightened. In Spain, on the other hand, it became quite clear. However, the indicator is also above the growth limit. The impressive boom in industry has regained momentum, commented Markit chief economist Chris Williamson. It expects a strong growth contribution to the industry in the third quarter.
Good figures from Italy
The growing domestic demand is pushing the Italian economy significantly. The gross domestic product rose by 0.4 percent on the previous quarter between April and June, according to the statistical office of Istat on Friday, thus confirming an earlier estimate.
The government of Prime Minister Paolo Gentiloni is expected to increase its growth forecast for 2017 to around 1.4 percent. So far the estimate is 1.1 percent. According to Statisticsamt, the growth achieved at the end of June is 1.2 percent. Thus, even if gross domestic product is only stagnating in the second half of the year, economic power is expected to rise by 1.2 percent in 2017.


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