Euro-Area Manufacturing Quickens as Germany Leads Uneven Growth
- PMI increased to 52.6 in September from 51.7 in August
- Stronger demand seen from domestic, international customers
A robotic arm, manufactured by Kuka AG, transports sheets of glass during photovoltaic cell manufacture at Solarworld AG in Freiberg, Germany, on Thursday, July 29, 2016. Solarworld rose the most in five months after the German solar panel maker resolved to fight a U.S. court ruling that awarded damages to the U.S. polysilicon supplier Hemlock Semiconductor Corp.
Photographer: Martin Leissl/BloombergManufacturing in the euro area accelerated in September as incoming new business grew at the fastest pace in three months.
A Purchasing Managers Index for manufacturing rose to 52.6 from 51.7 in August, in line with earlier estimate, IHS Markit said on Monday. The expansion was driven by stronger demand from both domestic and international customers, the London-based company said in a statement.