- Chris Williamson, chief economist at Markit
Looking ahead, the majority of manufacturers expect that the confidence in most Eurozone countries should urge businesses to increase spending, also encouraging consumers to spend more, particularly on durable goods. Furthermore, manufacturing data is allaying some fears the 17-nation economy may contract once again and supporting hopes the area is gradually establishing recovery after exiting prolonged recession in the last quarter. Meanwhile, Mario Draghi is expected to stay pat on monetary policy during monthly policy meeting, which is scheduled on September 5.
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