News Formal

'Companies remain cautious' as eurozone flash PMI eases to two-month low

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

IHS Markit flash eurozone composite PMI drops to two-month low

The IHS Markit flash eurozone composite purchasing managers index slipped to a two-month low of 51.6 in August from 54.9 in July. The number, while pointing to improving conditions as it's above 50, nonetheless came in below economist expectations for a 55.3 reading.

"Companies remain cautious when making decisions on employment, again opting to lower staffing levels in August amid a lack of confidence in the strength of the recovery," said Andrew Harker, economics director at IHS Markit. The euro EURUSD, -0.31% slipped 0.2% to $1.1834.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

These companies with strong operating leverage could see big profit upside, Morgan Stanley saysNew for subscribers: These companies with strong operating leverage could see big profit upside, Morgan Stanley says Check out CNBCPro today. Pro
Source: CNBC - 🏆 12. / 72 Read more »