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Eurozone manufacturing slump eases slightly in October
The euro area manufacturing downturn continued into the fourth quarter, latest HCOB PMI® survey data showed, as production volumes decreased in October for a nineteenth straight month. Output was constrained by a further marked decline in new factory orders, leading workforce numbers to be reduced further. Positively, contractions in production, sales and employment eased, although business confidence slipped to a one-year low. The HCOB Eurozone Manufacturing PMI, a measure of the overall health of eurozone factories compiled by S&P Global, increased to 46.0 in October, from 45.0 in September. Albeit still below the ... (full story)
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- Posted: Nov 4, 2024 4:01am
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 3,517
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