Productivity growth in europe eases
Growth in productivity in Europe slowed for two months in the summer but still reflected longerterm expansion in private sector output, the latest research shows. The overall slowdown in July and August was reflected in Germany and Italy, while in the UK and France it accelerated slightly.
Productivity in the manufacturing sector hit a ten-month low, while in services it eased only marginally, according to information from purchasing managers.
The Purchasing Managers Index produced by NTC Economics showed that France posted the strongest growth in output per head in August. Italian productivity improved at the weakest pace compared with the previous year. Global figures showed a slight improvement in economic growth for the first time in four months, and this was evenly distributed between manufacturing and services.
Rates of inflation eased across global manufacturing and service sectors in August. Nevertheless, the global all industry input prices index rose to 68.2 where 50 indicates no change, the fifty-fourth month it has risen
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