Germany's manufacturing sector improved slightly in October, with PMI rising to 43.0 despite contraction.

In October, Germany's manufacturing sector showed slight improvement, with the Purchasing Managers' Index (PMI) rising to 43.0, though still indicating contraction. Similarly, the Eurozone PMI increased to 46.0, marking a five-month high but continuing a 28-month decline. Factors affecting the sector include reduced purchasing activity, job cuts, and weak demand. The European Central Bank's recent interest rate cuts aim to support the struggling manufacturing industry.

November 04, 2024
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