Eurozone manufacturing PMI rose to a 26-month high of 51.4 in August from 50.3 in July. The upturn was broad-based, with PMIs rising in all countries except France. Manufacturing in Germany, the Netherlands, Austria, Spain and Italy rose at the fastest for at least two years, while Greece's 48.7 represented a 44-month high. A pick up in new-orders growth suggests the "upturn will be sustained into September," although companies remain reluctant to hire.
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