Eurozone Private Sector Expansion Remains Buoyant

07 July 2004

The solid growth performance of the Eurozone private sector economy was sustained through to the end of the second quarter in June, reports the Reuters Eurozone Composite Output Index.

The Index is based on actual performance data provided by purchasing managers in over 6,000 manufacturing and services companies across the Eurozone -- the eight largest European economies (Austria, France, Germany, Greece, Ireland, Italy, Netherlands and Spain) within the twelve-nation euro currency area.

These countries together account for an estimated 92% of total Eurozone gross domestic product.

Key composite data from the June report, compiled for Reuters by NTC Research, are as follows …

New Business
The New Business Index registered 55.4 in June, a level unchanged on May's reading and indicative of an eleventh successive monthly rise in new business.

Input Prices
These continued to rise at a marked rate. The Input Prices Index registered 63.5, down from last month's peak but still well above the average reading for the series history of 56.0.

Data sourced from: NTC Research; additional content by WARC staff