Forex News: 02.04.2007 Manufacturing activity in the euro area declined against expectations
PMI, based on the survey of RBS and NTC Research Eurozone Services and reflecting manufacturing activity, was in March 55.4 points, compared with 55.6 points in February. With the decrease the index achieved its 13-month minimum.The analysts expected that the activity in manufacturing sector would slightly increase, to 55.7 points. Let us remind that the reading above 50 points reflects activity rise, below 50 - slowing down.
The index of manufacturing was in March 57.4 points, compared with 58.0 points in the preceding month. The index of new orders declined from 56.8 points to 56.4. The index of employment stood unchanged at 52.9.
posted by Kalin Tasev @ 3:06 PM
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