Survey data released this morning indicates the eurozone´s recovery remains firmly on track with evidence of growing momentum in the manufacturing sector.
IHS Markit said its eurozone manufacturing PMI survey gauge rose to 58.1 in September versus 57.5 in August.
The figures show that conditions in the eurozone´s manufacturing sector have strengthened by the most in over six and a half years.
IHS Markit said manufacturing and new orders had expanded across all eight of the eurozone nations covered by its monthly survey.
It also claimed that accelerating output growth and capacity constraints had driven job creation across the eurozone to a survey-record high.
“The eurozone manufacturing boom kicked into an even higher gear in September, with the PMI rising to a level surpassed only once in the past 17 years,” said Chris Williamson, chief business economist at IHS Markit.
A breakdown of the survey by country shows the strongest manufacturing momentum is currently being found in Germany and the Netherlands, which registered manufacturing PMI scores of 60.6 and 60 respectively.
Italy´s manufacturing PMI gauge was slightly lower than forecast, at 56.3, though was unchanged from the prior month.