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  • eurozone factory growth slowed last month as new lock down measures hurt demand.

  • That's according to the HSE markets final manufacturing PM I survey released Tuesday.

  • It fell to 53.8 in November from October's 54.8.

  • It was slightly ahead of the flash estimate of 53.6, though anything about 50 is a sign of growth.

  • The PM I showed demand fell and factories cut headcount again in November, but optimism did improve.

  • His progress was made on vaccines.

  • The future output index rose to 64.8 from 62.7, its highest since March 2018.

  • European powerhouse Germany was behind the blocks ongoing manufacturing recovery.

  • Export focused companies were particularly optimistic thanks to strong demand from abroad, while the manufacturing sector continued to expand in the block.

  • An earlier flash reading showed activity in the service industry contracted last month.

  • It comes as Europe fights arise in coronavirus infections and analysts believe this has put the eurozone on track for its first a double dip recession in almost a decade.

eurozone factory growth slowed last month as new lock down measures hurt demand.

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Euro zone factory recovery faltered in November

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    林宜悉 posted on 2020/12/02
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