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Eurozone Manufacturing Downturn Worsens In July

Por: RTTNews Business August 01, 2023

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Euro area manufacturing slowdown worsened in July amid steeper declines in output, new orders and purchases, signaling that the is heading into a recession, final survey results from S&P Global showed on Tuesday.Official data showed that the unemployment rate remained unchanged at a record low in June despite the weak economic activity. The HCOB final factory Purchasing Managers' Index, or PMI, slid to 42.7 in July, as initially estimated,... + full article



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