Eurozone January final manufacturing PMI 46.6 vs 46.6 prelim ...Middle East

Prior 44.4The headline reading is a 10-month high as it reaffirms that the downturn in Europe's manufacturing sector is easing. Of note, output and new orders are seen declining at their softest rates since April last year. Meanwhile, business confidence also improved to a 9-month high to start the new year. In more positive news for the ECB, input costs and output prices were seen dropping further despite the Red Sea situation. HCOB notes that:“Let’s face it, there is a real chance that the manufacturing sector's year-long recession in the eurozone could stretch into the first quarter of this year. Even though the PMI is higher than it was at the end of last year, it is still not hitting th

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