Economics
Euro-Area Manufacturing Grows at Fastest Pace in Six Months
- PMI rises to 52.8 from 51.5, exceeding initial estimate
- Unemployment falls 10.1%, lowest in almost five years
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Euro-area manufacturing grew faster than initially estimated in June, recording its best performance this year.
A Purchasing Manufacturers’ Index rose to 52.8 from 51.5, slightly higher than the flash estimate of 52.6, Markit Economics said Friday. The results were collected prior to the result of Britain’s European Union referendum, which saw the country vote to leave the bloc. Eurostat said in a separate report that unemployment in the 19-nation region fell to 10.1 percent in May, the lowest in almost five years.