Eurozone March final manufacturing PMI 46.1 vs 45.7 prelim ...Middle East

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Eurozone March final manufacturing PMI 46.1 vs 45.7 prelim
Prior 46.5Even with the headline reading dipping to a three-month low, there are some good news from this report. Of note, output and new orders are seeing much softer declines, at levels seen during early 2023. Meanwhile, business confidence also rose to its highest in nearly a year. However, growth expectations remain weak and employment conditions are also stuttering a little. HCOB notes that:"It’s a bit disheartening: over the last eight months, the manufacturing industry has been gradually climbing the Output PMI ladder, but it still finds itself on the basement staircase. However, progress to the next floor has yet to materialise, largely owing to the underperformance of the German and

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