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Eurozone July final manufacturing PMI 42.7 vs 42.7 prelim
Prior 43.4The worsening demand conditions is leading to an accelerated fall in production volumes, new orders, employment and purchasing activity in the euro area in July. The only silver lining is that alongside improved supply, it is leading to a fall in costs as average input prices are seen falling at the most rapid pace since May 2009. HCOB notes that:“It looks like the manufacturing recession is here to stay in the eurozone. Stronger declines in output, new orders and purchase volumes at t...
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Posted: Aug 1 2023, 08:00
Author Name: forexlive
Views: 110690