German manufacturing PMI shows output and new orders decline in June, contributing to Eurozone's ongoing contraction.
German manufacturing sector experiences fresh setback as PMI shows output and new orders decline in June, marking a faster pace than previously estimated. Eurozone's manufacturing sector remains in contraction, with Italy and Germany staying in the negatives for a third consecutive month. Weaker demand conditions are the primary cause for the decline in production volumes across the region.
July 01, 2024
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