欧元区8月PMI数据好于预期 经济展现韧性但挑战犹存

Group 1 - Eurozone composite PMI rose from 50.9 in July to 51.1 in August, exceeding analyst expectations of 50.6 [2] - Manufacturing PMI increased from 49.8 to 50.5, marking the first time since June 2022 that it surpassed the neutral level of 50, also above the expected 49.5 [2] - Service sector PMI slightly decreased to 50.7 but remained in the expansion zone [2] Group 2 - Germany's composite PMI unexpectedly accelerated to a five-month high of 50.9, with manufacturing PMI jumping to 49.9, nearing expansion territory [2] - Manufacturing output index in Germany rose to 52.6, indicating growth [2] - France's composite PMI improved from 47.4 to 49.8, although still below the neutral line, it was better than expected [2] Group 3 - The impact of US trade policies is becoming evident, with Eurozone manufacturing foreign orders declining for the second consecutive month, influenced by US tariff policies [3] - European Central Bank President Christine Lagarde noted that the new 15% tariff on most EU goods is slightly higher than previous predictions but lower than more severe scenarios [3] - Recent PMI data provides more evidence for ECB policymakers, with expectations that the ECB will maintain the key deposit rate at 2% in September [3]