The composite purchasing managers' index for the eurozone rose to 51.9, against expectations of 51.5. At the same time, the industry reached its highest level since 2022, Bloomberg writes.
“It may be premature, but this could be the turning point for the manufacturing sector,” HCOB economist Cyrus de la Rubia said in a comment.
For Germany, the composite purchasing managers' index rose unexpectedly to 53.1. It had been expected to rise to 52.3.
Following a weakening in the French manufacturing industry, France's composite purchasing managers' index landed at 49.9. An index figure above 50 indicates increased activity in the sector.
