The University of Michigan commented: “Consumer sentiment was little changed this month, inching up 1.3 index points from October. In November, sentiment extended a four-month stretch of consecutive incremental increases.”…
Tag: Economics
Eurozone PMI Hits 10-Month Low as Services Join Manufacturing in Contraction
Why Is the Services Sector Losing Momentum? After two months of marginal growth, the services sector joined manufacturing in contraction. The Services PMI fell to 49.2, its lowest level since…
UK PMI Drops Below 50: Manufacturing and Services Hit 13-Month Lows in November
Employment and Cost Pressures Private sector employment declined for the second consecutive month, with businesses refraining from replacing voluntary leavers to manage rising payroll costs. Workforce reductions were more pronounced…
Germany’s Services Sector Contracts as Manufacturing PMI Stays Deep in Contraction
Is Manufacturing Showing Any Signs of Recovery? While manufacturing production remains in decline, the Manufacturing Output Index edged up to 43.2, a five-month high. However, this improvement reflects a slower…