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Eurozone Manufacturing Sector Shrinks Most In More Than 3 Years

Por: RTTNews Business July 03, 2023

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The downturn in the euro area manufacturing sector intensified in June with the sharp reductions in production and orders, reflecting the impact of monetary policy tightening in the private sector. The final HCOB manufacturing Purchasing Managers' Index, or PMI, declined to 43.4 in June from 44.8 in May, survey data from S&P Global showed Monday. The score was also below the initial estimate of 43.6. A reading below 50 suggests contraction... + full article



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