Eurozone factory activity sinks – S&P Global ...News

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Eurozone factory activity sinks – S&P Global
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The key PMI index has plunged to a 29-month low, data shows Manufacturing activity across the Eurozone declined to the lowest level since the Covid-19 pandemic, amid weakening global demand for goods, according to a study by S&P Global. The report shows that the Purchasing Managers’ Index (PMI) for manufacturing dropped to 46.4 in October from September’s 48.4. The figure is below the preliminary reading of 46.6 and the 50-mark separating growth from contraction. The index also sank to 37.9 from 41.3 in September, as geopolitical uncertainty, high inflation, and weaker economic conditions around the world are putt

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