Euro area manufacturing activity contracted for the tenth straight month in April with the latest fall being the biggest since May 2020 on declining production and orders, final data from S&P Global and Hamburg Commercial Bank showed Tuesday.
The HCOB factory Purchasing Managers' Index dropped to 45.8 in April from 47.3 in March. Nonetheless, the reading was slightly above the flash of 45.5.
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by Renju Jaya
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