Dubai – Mubasher: The European Monetary Union Markit Manufacturing PMI met expectations of 52 in September, signaling improved economic conditions.

The final seasonally adjusted Eurozone Manufacturing Purchasing Managers’ Index (PMI) eased to a five-month low of 52.0 in September, below August’s 52.3 and unchanged from the earlier flash estimate, according to FXStreet website.

New export orders inflows improved again in September, rising for the twenty-seventh successive month.

Job creation was recorded for the thirteenth straight month in September. Although the overall rate of growth eased to a four-month low.

Meanwhile, Markit/BME Germany Manufacturing PMI fell to 52.3 in September from 53.3 in August. The flash estimate stood at 52.5.

Germany’s new orders eased slightly, but still were the second strongest in 17 months. New export business also increased further on account of weak Euro and increased demand from the US.

Lower prices for energy and oil-based products pushed the input costs lower for a second month running in September.

Some companies passed lower input prices on to their clients, resulting in the first reduction in selling prices for seven months.