Eurozone November final manufacturing PMI 44.2 vs 43.8 prelim ...Middle East

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As a whole, the decline in output, new orders, and inventories eased in November but the downturn in the manufacturing sector remains strong in the euro area. The thing to note about the report this month is that employment conditions are starting to be hit much harder and that could show up in the labour market data in the months ahead. HCOB notes that:“November has not been the prettiest, and this does not refer only to the weather but also to the situation in the manufacturing sector of the eurozone. Output is still on the decline, and firms have trimmed their staff for a sixth straight month. Sure, almost all the sub-indices have perked up a bit. However, the improvements are mostly timi

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Last updated : 01 Dec 2023 clock 12:09 PM

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Eurozone November final manufacturing PMI 44.2 vs 43.8 prelim ...Middle East

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