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Prices for eurozone goods fall further in August as factory orders continue to plummet at one of the fastest rates on record
The eurozone manufacturing sector remained under intense pressure midway through the third quarter, according to the latest HCOB PMI® survey data, as plummeting new orders and rapidly depleting backlogs of work put a considerable squeeze on production lines across the single currency union. Factory employment levels continued to fall, albeit marginally, while purchasing activity was slashed once again as companies maintained their efforts to run down stocks. A sixth successive monthly reduction in manufacturers’ input costs was recorded, with the rate of decline remaining steep overall. The price of goods leaving ... (full story)