Eurozone Confronts Economic Contractions Amid Fading Demand
The Eurozone has encountered a notable decline in the private sector, marked by the most significant dip in new orders in almost three years. As companies grapple with diminishing demand, key metrics from the HCOB Flash Eurozone PMI reveal the depth of this economic slump.
Divergent Sectoral Trends
Manufacturing continues to be the leading contributor to the decline in the Eurozone’s output. The HCOB Flash Eurozone Manufacturing PMI Output Index remained unchanged at 43.4. The service sector, however, marked a slight improvement, with its PMI Business Activity Index rising to 48.4 from 47.9 in August. Notably, both sectors are still below the 50-mark threshold, indicating contraction.
Inflationary Pressures and Pricing
The…
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