Business growth in the eurozone is at a minimum of two years in September

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PMI in the manufacturing sector of the eurozone dropped in September to a minimum for 2 years of 53.2 points from 54.6 points in August, according to IHS Markit. However, the index remained above 50 points, that is, in the zone of business growth. Activity declined throughout the region, with the exception of the Netherlands, where PMI rose to a 3-month high. The growth of activity in the industry in Germany has slowed to a minimum in more than 2 years. Chris Williamson, chief economist at IHS Markit, explains the decline in business activity with concerns about the effects of trade wars, heightened political uncertainty and higher prices. Orders rose at the lowest rate in 25 months.

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