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Economy And The Numbers

Eurozone Factory Sector Downturn Slows

By Renju Jaya   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Euro area manufacturing sector remained in the contraction zone but deterioration in production and orders slowed, survey results from S&P Global showed on Friday.

The final HCOB manufacturing Purchasing Managers' Index posted 44.2 in November, up from 43.1 in October. This was the highest since May and above the flash estimate of 43.8.

Factory output continued to fall in November but the rate of decline was the softest since May. A slower drop in output coincided with a weaker contraction in new orders.

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