Eurozone industrial PMI falls in December | MENAFN.COM

Wednesday, 25 May 2022 01:48 GMT

Eurozone industrial PMI falls in December


(MENAFN) In accordance to a London-based global data firm, The Eurozone Purchasing Managers' Index (PMI) for producing sector expansion was steady in November, and increased a little from 58.4 to 58 in December.

As shown by sector information, costumer products makers managed the slower development in industrial situations, with intermediate and capital products producers recording slightly faster improvements.

Italy again managed broad euro area trade with a PMI worth of 62, regardless of its growth stoppage, then Greece and Austria, with 59 and 58.7, correspondingly.

According to a report "At the other end of the scale, France's goods-producing sector remained the weakest-growing of the eight monitored eurozone nations."

On the words of Joe Hayes, senior economist at IHS Markit while marking on the last Manufacturing PMI information: "It has been an incredibly challenging period for eurozone manufacturers this second half of 2021, but the latest survey data hasn’t spoiled the festive cheer too much."

Hayes further said "We’re seeing some tentative, but very welcome signs that the supply chain crisis which has plagued production lines all across Europe is beginning to recede."

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