Economic Buzz: Eurozone manufacturing activity at 51-month high in August

The activity in the Eurozone's manufacturing sector slowed in August, according to a report released by S&P Global on Tuesday. The Eurozone Manufacturing Purchasing Managers Index (PMI) stood at 52.7, marking a rise from 51.9 recorded in July, hitting a 51-month high, but still coming in below the preliminary figure of 52.8.

The biggest increase in manufacturing activity among the eight monitored countries was recorded in Ireland, while manufacturing sectors in Austria, Greece, Germany, the Netherlands and France also experienced faster growth. On the other hand, Spain's and Italy's manufacturing sectors contracted in August.

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