LONDON (Reuters) - The downturn in euro zone manufacturing eased last month, suggesting the worst may be over for the bloc's beleaguered factories ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSLONDON - The downturn in euro zone manufacturing eased last month, suggesting the worst may be over for the bloc's beleaguered factories although demand weakened to its lowest in almost a year, a survey showed on Friday.
HCOB's final euro zone manufacturing Purchasing Managers' Index , compiled by S&P Global, rose to a three-month high of 43.5 in August from July's 42.7, albeit below a preliminary reading of 43.7. A reading below 50 marks a contraction in activity. "These numbers aren't as terrible as they might look at first glance," said Cyrus de la Rubia, chief economist at Hamburg Commercial Bank.
However, the new orders index nudged down to 39.0 from 39.1, the second-lowest reading since the COVID pandemic was cementing its grip on the world.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russian factory activity grows at fastest rate in three months in August -PMIMOSCOW (Reuters) - Russian factory activity grew at the strongest rate in three months in August as new orders gained momentum, although the weak ...
Read more »
Turkish manufacturing contracts in August -PMIISTANBUL (Reuters) - Turkish factory activity contracted for a second month in August due to a slowdown in new orders as firms faced challenges ...
Read more »
Euro zone inflation unexpectedly steady in August but core dropsFRANKFURT (Reuters) - Euro zone inflation held steady this month but underlying price growth fell as expected, a mixed picture that complicates life ...
Read more »
Euro zone inflation unexpectedly steady in August but core dropsOverall inflation in the 20 countries sharing the euro was unchanged at 5.3% in August, defying expectations for a drop to 5.1%
Read more »
Sterling firms against euro after euro zone inflation numbers, BoE commentsMarket News
Read more »
Oil prices up on tighter supply, China PMI in focusBy Katya Golubkova TOKYO (Reuters) - Global oil prices were up in early trade on Thursday backed by tighter U.S. supply, with a focus on China factory ...
Read more »