García Sanz, Almudena

The main short-term indicators, notably PMIs, suggest that the recovery gathered momentum in the last few months. In August, the PMI-IHS Markit Composite Output Index of the Eurozone reached 59, slightly below the level of July (60,2), which marked the highest value since June 2006. This suggests that the Eurozone private sector is growing at its fastest rate for the last two decades, underpinned by increasing levels of output in both manufacturing and services sectors.

The main short-term indicators, notably PMIs, suggest that the recovery gathered momentum in the second quarter In June, the PMI-IHS Markit Composite Output Index of the Eurozone reached 59,5, leaving the index at its highest index level since June 2006.