Gold prices add to record high amid fiscal, tariff concerns
Investing.com -- Eurozone manufacturing activity grew in August for the first time since mid-2022, supported by stronger domestic demand and higher production levels, survey data showed Monday.
The HCOB Eurozone Manufacturing PMI rose to 50.7 in August, up from 49.8 in July and above the flash estimate of 50.5.
This marks the index’s highest reading in more than three years and the first time it has crossed the 50.0 threshold, which separates expansion from contraction, since June 2022.
The move back into growth territory suggests a possible shift in momentum for the bloc’s manufacturing sector after over two years of decline.
Survey responses highlighted that rising domestic demand and a rebound in output were the main contributors, fueling stronger confidence about future activity.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.