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Eurozone manufacturing figures hover around record highs

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Eurozone manufacturing figures hover around record highs

The Eurozone’s manufacturing figures were strong in January, continuing to hover around the near-record highs seen at the end of 2017.

The final IHS Markit Eurozone Manufacturing PMI recorded a three-month low of 59.6 in January, down marginally from December’s record high of 60.6. It matched the flash estimate released beforehand, with the figure recording expansion in each of the past 55 months.

The data demonstrated growth across the consumer, intermediate and investment goods categories, despite consumer goods being the only category to record growth during the latest survey month.

“The euro zone’s manufacturing boom continued in full swing in January,” said Chris Williamson, chief business economist at IHS Markit.