Eurozone November final manufacturing PMI 45.2 vs 45.2 prelim ...Middle East

Prior 46.0The biggest drags to Eurozone manufacturing activity on the month are Germany, France, and Italy. Sustained weakness in demand conditions is arguably the biggest factor but Germany also saw its steepest decline in employment conditions since August 2020. That's not a good indication as the downturn looks to persist into next year. HCOB notes that:“These numbers look terrible. It's like the eurozone’s manufacturing recession is never going to end. As new orders fell fast and at an accelerated pace, there’s no sign of a recovery anytime soon. According to our nowcast, the manufacturing sector’s output is going to decrease by 0.7% in the fourth quarter compared to the previous quarter

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Eurozone November final manufacturing PMI 45.2 vs 45.2 prelim ...Middle East

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