(CercleFinance.com) – The S&P Global PMI for the manufacturing industry in the eurozone fell slightly from 48.8 in January to 48.5 in February, dragged down by the indicator relating to lead times supplier delivery rates, which recorded their biggest drop since 2009.
In addition to this drop in delivery times which “highlights a sharp reduction in supply tensions”, S&P Global points to the drop in purchase stocks, the most marked since May 2021.
‘The downward impact of these two variables on the overall index exceeded that (upside) of the recovery of the indices of production, new orders and employment’, underline the investigators.
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