Euro Factories Add Jobs in Struggle to Keep Up With Orders
- Manufacturing PMI rose to 58.1 vs 58.2 flash estimate
- IHS Markit sees hiring upturn continuing amid surging orders
The fuselage interior of an Airbus A350 wide-body aircraft, a unit of European Aeronautic, Defence & Space Co. (EADS), is seen on the assembly line in Toulouse, France, on Tuesday, Oct. 23, 2012. Airbus SAS inaugurated the final assembly line for its A350 wide-body aircraft in Toulouse, ahead of the first test flight next year of the aircraft that will intensify competition with Boeing Co. The fuselage interior of an Airbus A350 wide-body aircraft, a unit of European Aeronautic, Defence & Space Co. (EADS), is seen on the assembly line in Toulouse, France, on Tuesday, Oct. 23, 2012. Airbus SAS inaugurated the final assembly line for its A350 wide-body aircraft in Toulouse, ahead of the first test flight next year of the aircraft that will intensify competition with Boeing Co.
Photographer: Balint Porneczi/BloombergEuro-area factories are scrambling to add staff as burgeoning orders stretch capacity.
A Purchasing Managers Index for the region’s manufacturing industry rose to 58.1 in September from 57.4 the previous month, London-based IHS Markit said on Monday. That compares with a preliminary reading of 58.2 and is the highest level in more than six and a half years. A gauge for employment rose at the fastest pace since the survey began in 1997.