Eurozone August final manufacturing PMI 45.8 vs 45.6 prelim ...Middle East

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Eurozone August final manufacturing PMI 45.8 vs 45.6 prelim
Prior 45.8The positive revision is just masking the troubles that are continuing to surface in the Eurozone manufacturing sector. Output continues to suffer while new order inflows fell at the quickest pace this year so far in August. Employment conditions are also starting to be impacted with business confidence sliding to a five-month low. Pain. HCOB notes that:“Things are going downhill, and fast. The manufacturing sector has been stuck in a rut, with business conditions worsening at the same solid pace for three straight months, pushing the recession to a gruelling 26 months and counting. New orders, both domestic and international, are slowing down even more, dashing any short-term hope

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