Ghost of Truth on Nostr: Eurozone Manufacturing Slump Hits 19-Month Low: Recovery Still Out of Sight The ...
Eurozone Manufacturing Slump Hits 19-Month Low: Recovery Still Out of Sight
The manufacturing pulse in the Eurozone remains weak as October marks the 19th consecutive month of decline. While the PMI nudged up to 46.0 from September's 45.0, it's still far from the 50-point growth threshold. Orders continue to drop, pushing companies to trim their workforce, though at a slightly slower pace. Business outlook has hit a 12-month low, raising red flags for 2024. How about more regulation, taxes and climate nonsense? That should work out fine...
#eurozone #manufacturing #recession #economicdownturn #PMIdata
The manufacturing pulse in the Eurozone remains weak as October marks the 19th consecutive month of decline. While the PMI nudged up to 46.0 from September's 45.0, it's still far from the 50-point growth threshold. Orders continue to drop, pushing companies to trim their workforce, though at a slightly slower pace. Business outlook has hit a 12-month low, raising red flags for 2024. How about more regulation, taxes and climate nonsense? That should work out fine...
#eurozone #manufacturing #recession #economicdownturn #PMIdata