The final reading of the purchasing-managers' index, or PMI, for the euro-zone manufacturing sector edged higher in September but still signaled a 14th consecutive month of shrinking activity, data compiler Markit reported Monday
The index rose to 46.1 from 45.1 in August and was revised up from a preliminary estimate of 46.0, but remained below the 50 level, indicating a drop in overall activity from the previous month
"Despite seeing some easing in the rate of decline last month, manufacturers across the euro area suffered the worst quarter for three years in the three months to September
Output, order books and exports all continued to fall at steep rates ..., causing firms to cut their staffing levels once again," said Chris Williamson, chief economist at Markit
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