European Industry Takes on A Lot of New Staff
European industry is hiring new workers in record time. In doing so, companies are trying to keep pace with the strong order growth, which further increased activity in the sector.
Market researcher Markit’s final purchasing managers’ index for the eurozone for July was, therefore, slightly higher than the preliminary figure.
That index came out at 62.8, compared to 62.6 in the provisional figures. A number above 50 indicates growth, below that, contraction. In June, growth was even more solid with a score of 63.4, but the number of new orders increased strongly in July.
However, companies still had delivery problems.
In Germany, too, the final figure was slightly higher than the previous estimate. In that country and in Austria, industrial companies hire the most staff. Almost everywhere in Europe, the economy is still growing strongly, although it progressed slightly faster in June.