Industrial activity contracted in the eurozone in August

The data showed that the euro zone manufacturing purchasing managers' index rose to 43.5 in August from 42.7 in July, the highest level in three months, but below the 50-point level that indicates a contraction in activity.

The index measuring production, which feeds the composite PMI, rose to 43.4 in August from 42.7 in July. Industrial activity contracted in Germany and industrial activity in France contracted for the seventh month in a row.

Other data issued by the US Institute for Supply Management (ISM) showed that the US manufacturing purchasing managers index rose to 47.6 in August from 46.4 in July, but it was the tenth consecutive month of contraction.

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