The downturn in the eurozone’s manufacturing sector intensified during June, latest HCOB PMI® survey data showed, with factory output declining at the sharpest rate since October last year when concerns regarding the price and supply of energy soared. Demand for eurozone goods fell sharply at the end of the second quarter, with weak sales performances particularly evident in Austria, Germany and Italy. Notably, manufacturing employment declined for the first time since January 2021 and business confidence dipped to a seven-month low. Eurozone factories advanced with destocking efforts in June amid continued weakness ... (full story)