(CercleFinance.com) – The S&P Global PMI index for manufacturing industry in the euro zone fell from 56.5 in March to 55.5, a fifteen-month low, in April: growth has further slowdown in the sector while selling prices recorded a record increase.
With the exception of France and the Netherlands, the PMI indices posted their lowest level for more than a year in all the countries studied. In Germany, new orders and production fell for the first time since June 2020.
“In summary, the manufacturing sector in the eurozone is about to go through a difficult period of falling production and soaring prices,” said Chris Williamson, chief business economist at S&P Global.
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