Euro zone manufacturing expands - The Irish Times - Mon, Jan 04, 2010

Manufacturing activity in the euro zone expanded at its fastest rate in 21 months in December, in line with the flash estimate published last month, but new orders growth slowed slightly, a survey showed today.

The final Market Eurozone Manufacturing Purchasing Managers' Index for December rose to 51.6 from 51.2 in November, its highest level since March 2008. That marked the third consecutive month the reading has been above the 50.0 level that divides growth from contraction. Market said investment and consumer goods production across the euro zone accelerated in December, while production of intermediate goods slowed.

Overall manufacturing activity in Germany expanded at its fastest pace since May 2008, although slower than previously expected, while France and Italy also saw activity tick up from November.

For the complete report: Euro zone manufacturing expands - The Irish Times - Mon, Jan 04, 2010