The easing in growth was not broad-based, however, with differing performance by company size. The slower contraction of production reflected renewed growth at smaller manufacturers, where production rose for the first time in three months.
In contrast, large firms recorded the sharpest decline in output for 15 months.
This represents a turnaround compared to earlier in the year, when larger companies had generally outperformed smaller firms.
Euro Zone Resilient or Stagnates..?
The Markit Flash Eurozone PMI Composite Output Index, based on around 85% of usual monthly replies, was unchanged at 51.1 in August.
The latest reading signalled a rate of increase identical to July’s twenty-two month low and a further near-stagnation of private sector output.
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