Eurozone Manufacturing Faces Setback Amidst Falling New Orders
Eurozone manufacturing returned to contraction in September due to a steep decline in new orders, as reported by the HCOB Eurozone Manufacturing PMI. Production continues to rise marginally, but employment and business confidence face downturns. A notable regional disparity in growth is evident across the eurozone.
- Country:
- United Kingdom
In September, eurozone manufacturing activity slipped back into contraction, with new orders falling at their fastest rate in six months, according to an HCOB Eurozone Manufacturing PMI survey.
The index dipped below the growth threshold to 49.8 from 50.7 in August, indicating the industrial sector's shaky recovery.
Production rose for the seventh consecutive month but at a slower pace, while job cuts and a decline in outstanding orders overshadowed some areas of growth like the Netherlands.
- READ MORE ON:
- Eurozone
- Manufacturing
- PMI
- Contraction
- Orders
- Production
- Economies
- Confidence
- Employment
- Costs
Advertisement
ALSO READ
Eni Set to Boost Mozambique's LNG Production with New Investment
OPEC+ May Accelerate Oil Production Hikes Amid Market Share Battle
Taiwan Refuses US Semiconductor Deal: No 50-50 Chip Production Split
Taiwan Rejects U.S. Semiconductor Production Split Proposal
OPEC+ to Ramp Up Oil Production by 500,000 Barrels
Google News