Global Manufacturing Slumps as Economic Mood Deteriorates
TL;DR Summary
Euro zone manufacturing activity remained in a deep and broad-based downturn in September, with demand shrinking at a pace rarely seen since 1997. The final euro zone manufacturing Purchasing Managers' Index (PMI) dipped to 43.4, indicating a contraction in activity. The output PMI, a gauge of economic health, fell to 43.1. France and Germany led the decline, while Spain and Italy fared slightly better. Despite falling prices, policymakers at the European Central Bank may welcome the news as they struggle to boost inflation.
- Euro zone factory activity stuck in steep downturn Reuters
- Asia Manufacturing Downturn Deepens With Depressed Demand Before Holidays - Bloomberg Bloomberg
- Japan final manufacturing PMI for September 48.5 (prior 49.6) ForexLive
- Japan's factory activity extends declines in September Reuters.com
- South Africa Power Cuts Hurt Economic Mood Bloomberg
- View Full Coverage on Google News
Reading Insights
Total Reads
0
Unique Readers
9
Time Saved
1 min
vs 2 min read
Condensed
74%
323 → 83 words
Want the full story? Read the original article
Read on Reuters