The United Kingdom’s industrial activity grew at a somewhat slower pace in August. This was demonstrated on Wednesday by final figures from Markit Economics. The industry index fell from 60.4 in July to 60.3 in August. In May, a record of 65.6 was set.
Industry in the euro area continued to grow in August, but again at a somewhat slower pace. This was demonstrated on Wednesday by final figures from Markit Economics.
The industry index fell from 62.8 in July to 61.4 last month. An index of 61.5 was previously reported for August.
August is showing a sustained growth spurt, which is already the fourteenth month in a row. Disruptions in the supply chain were the main reason for production shortages. Furthermore, prices at the factories increased sharply.
In many countries, growth slowed last month. The same was true of the German industry, which was accelerating in July. In August, the Spanish and Italian industry managed to catch up.
Industrial activity in Germany grew more slowly in August. This was demonstrated on Wednesday by final figures from Markit Economics. The industry index fell from 65.9 in July to 62.6 last month. That’s the lowest level since February, but still well above the 50 limit.
France’s industrial activity continued to grow in August, but again at a somewhat slower pace. The industry index fell from 58.0 in July to 57.5 last month.
The Italian industry index rose from 60.3 in July to 60.9 last month. Italian industry has been growing for 14 months in a row.
The Spanish industry has grown at a slightly higher rate in August than a month earlier. The industry index rose from 59.0 in July to 59.5 in August.
No Comments