ECONOMICS COMMENTARY
Jun 11, 2013
EU sector data point to broad-based improvement in output trends
Detailed sector PMI data for Europe showed a general improvement in output trends in May. Eight out of the 22 most narrowly defined sectors monitored by PMI data posted growth in output, led by a solid expansion in automobiles & auto parts. The increase in output among autos firms and auto parts suppliers was the first for 14 months, behind which was the sharpest rise in new business intakes in the sector for more than two years. This contrasted with a slowdown in the rate of expansion of autos output globally.
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