Eurozone manufacturing PMI edges down but services PMI rises -9/23/13

Eurozone manufacturing PMI edges down but services PMI rises

Eurozone flash manufacturing PMI has edged down to 51.1 in September from 51.4 in

August and undershot consensus of 51.8.

Services PMI rose to a 27-month high of 52.1 from 50.7 and beat estimates of 51.1.

Composite PMI increased to a 27-month high of 52.1 from 51.5 and topped expectations of 51.9.

Manufacturing output 52.1 vs 53.4.

The data adds to "growing signs that the region is recovering from the longest recession in its history," and is consistent with GDP growth of 0.2%, Markit says. "Easing inflows of new business bode well for a further upturn in the fourth quarter."

EUR-USD -0.05% at $1.3516. (PR)

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Overseas

• Japan Closed.
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• London -0.22%.
• Paris +0.03%.
• Frankfurt -0.10%.

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