Eurozone Private Sector Growth Moderates
26 Articles
26 Articles
In October, the growth of the eurozone economy slowed to the lowest level in four months, with demand approaching stagnating, rising input costs and declining corporate confidence, according to the Procurement Managers Index.
Eurozone Private Sector Growth Moderates
The euro area private sector growth moderated to a four-month low in October as new order receipts came close to stalling and output price inflation remained historically high, final purchasing managers' survey data from S&P Global showed Wednesday. The final composite output index fell to 51.7 in October from 53.1 in the previous month. The flash reading was 51.9.
Input cost inflation accelerates to five-month high amid supply chain disruptions and surging energy prices, survey shows
Eurozone factory activity slowed in October, as rising energy and raw material costs and supply chain disruptions intensified pressure on European industrial production and profitability.
The index of industrial purchasing manager (PMI) in the euro area fell to 52.7 in October, from 52.9 in September, according to revised data released by the S&P Global. The previous reading had shown a drop to 52.4. Despite the drop, the indicator remains above 50, which indicates expansion. Another robust result of the MIP prolongs the best period of growth of the industrial sector in the euro area in more than four years, says S&P Global Marke…
The Eurozone manufacturing PMI fell to 52.7 points in October to its lowest level in two months. While growth in new orders has slowed, supply chain disruptions and rising costs have increased pressure on the industrial sector.
Coverage Details
Bias Distribution
- 43% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
