Daily News |

The growth of manufacturing in the euro area picked up slightly in July, thanks to the dynamism of the sector in Germany, show the final results of the monthly survey Markit.

The PMI final Markit purchasing managers stood at 56.7 against a flash estimate to 56.5 and 55.6 in June

So the tenth straight month that the index is above the 50 mark that separates growth from contraction in activity.

"It seems that the improvement is reflected in the PMI in the euro area in July is almost entirely due to an acceleration of growth in Germany," said Chris Williamson, chief economist at Markit.

The component output rose to 58.7 in July, up slightly from the initial estimate of 58.3 and 57.2 higher than the figure for the month of June

The employment rose to 51.1 against 50.4 in June, the highest since May 2008, again due to improved labor market in Germany.

• Further contraction in the manufacturing sector in the euro area
• Growth slows in the euro area
• The U.S. industry bounces, the consumer is still worried
• Rate hike by the ECB: fears about the countries in trouble
• Rising prices in Germany in July in line with expectations