View full page at forexfactory.com

 

Euro zone manufacturing downturn deepens in April - PMI

From uk.reuters.com

The euro zone's manufacturing sector slipped further into decline last month as a downturn that started in the periphery appears to be taking root among core members France and Germany, a survey showed on Wednesday. Manufacturers in the euro zone cut workers at the fastest pace in more than two years in April after new orders fell for the 11th straight month, suggesting a gloomy outlook for t he sector, which drove a large part of the bloc's recovery from the last recession. Markit's Eurozone Manufacturing Purchasing Managers' Index (PMI) dropped to 45.9 from 47.7 in March, slightly below a preliminary reading and ... (full story)

Story Stats

  • Posted:
  • Category: Low Impact Breaking News