Economics
Europe Manufacturing Accelerates More Than Estimated
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Growth in Europe’s manufacturing industry accelerated more than previously estimated in July, indicating an export-led recovery maintained its momentum.
A gauge of manufacturing in the 16-nation euro region increased to 56.7 from 55.6 in the previous month, London-based Markit Economics said today. That’s a three-month high and above an initial estimate of 56.5 released on July 22. A reading above 50 indicates expansion.