Eurozone manufacturing PMI fell to 45.7.

Eurozone manufacturing activity worsened in April, with final PMI falling to 45.7 from 46.1 in March, marking the 22nd consecutive month of contraction. Weak demand led to factory price cuts and job losses. The new orders index dropped to a four-month low of 44.1, suggesting no immediate recovery for manufacturers. The European Central Bank may reduce borrowing costs as inflation eases.

May 02, 2024
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