Home Tags Eurozone
The JP Morgan Global Manufacturing Purchasing Managers’ Index (PMI) remained in the contraction territory at the end of the year’s third quarter, posting a 49.1 rating in September up from August’s 49.0.
The global manufacturing sector has remained in recession as July saw output fall even more amid the drop in new order intakes, which continued for the thirteenth month in a row, according to the latest Purchasing Manager’s Index (PMI) report from JP Morgan.
Conditions in the Eurozone manufacturing sector have seen a more intense downturn in June, as production contracts for the third month in a row, according to the latest HCOB PMI survey.
The health of the Eurozone’s manufacturing industry reached a four-month low in March with the S&P Global Eurozone Manufacturing PMI reporting a 47.3 rating, down from February’s 48.5.
The euro area manufacturing purchasing managers’ index (PMI) stood at 48.5 in February, falling slightly from 48.8 in January, while the manufacturing output index nudged above the neutral mark to reach 50.1, up from 48.9 in January.
The S&P Global Eurozone Composite PMI stood at 50.3 in January 2023, slightly up compared with a reading of 49.3 in December.
The latest S&P Global Eurozone Manufacturing PMI reading rose for a third successive month to 48.8 in January, up from 47.8 in December.
Eurozone’s manufacturing sector has eased up further in the last month of 2022 following softer inflationary pressures and more stable supply-chain conditions created some respite for goods producers.
Eurozone’s PMI Composite Output Index saw a significant increase for the second consecutive month, increasing from November’s 47.8 to a four-month high of 48.8.
The Global Performance of Manufacturing Index’s (PMI) downturn intensified in November, hitting a 29-month low as companies face weaker intakes of new business, slower international trade flows, and continued high costs.
12Page 1 of 2