Monday, October 5, 2009

The September PMI index for services has exceeded the eurozone forecasts

Business activity in the euro zone services sector rose in September to the previous month. According to the revised data, the PMI services sector (Services PMI) exceeded the projected level and the level of a preliminary assessment of 50.6 points and amounted to 50.9 points in September. Recall that in August figure grew to 49.9 points.
It is important to note that the PMI index accurately reflects the economic conditions in the services sector, the overall economic situation and development prospects. The value of the above 50 points indicates growth in business activity, below - to decline.

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