European stock markets end down as manufacturing in Eurozone...| MENAFN.COM

Friday, 09 December 2022 06:40 GMT

European stock markets end down as manufacturing in Eurozone reaches 28-month low


(MENAFN) The Eurozone’s manufacturing production plunged to its lowest level in 28 months on Friday, sending European stock markets into the weekend with losses of almost 2 percent.

According to an earlier flash assessment from United States-based financial services group S&P Global, the Eurozone Manufacturing Output Index plunged to 46.2 in September from 46.5 in August. Moreover, the Purchasing Managers' Index for Manufacturing in the Eurozone fell to 48.5 from 49.6, its lowest level in 27 months.

The STOXX Europe 600, which represents almost 90 percent of the market capitalization of the 17-country European market, decreased by 9.36 points, or 2.34 percent, to conclude the final trading day of the week at 390.40.

The FTSE 100 index for the United Kingdom declined by 140 points, or 1.97 percent, to end the day at 7,018. The DAX 30 in Germany decreased by 247 points, or 1.97 percent, to hit 12,284. On the other hand, at the closing bell, the CAC 40 in France was down 135 points, or 2.28 percent, to reach 5,783.

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