European markets end with decreases as eurozone manufacturin...| MENAFN.COM

Sunday, 27 November 2022 06:55 GMT

European markets end with decreases as eurozone manufacturing reaches 28-month low


(MENAFN) European share markets closed Friday with nearly 2 percent declines as eurozone manufacturing production fell to its worst rate in 28 months.

Eurozone Manufacturing Output Index fell to 46.2 this month, declining from 46.5 in the month before, as shown by a flash reading from US-based economic services firm S&P Global previously.

Eurozone Manufacturing Purchasing Managers Index also fell to 48.5, from 49.6, indicating its worst rate in 27 months.

The STOXX Europe 600, which contains nearly 90 percent of the market capitalization of the European market in 17 nations, was 9.36 points lower, or 2.34 percent, to finish the most recent exchange session of the week at 390.40.

The UK’s FTSE 100 dropped 140 points, or 1.97 percent, to close the day at 7,018. Germany’s DAX 30 fell 247 points, also 1.97 percent, to 12,284.

France’s CAC 40 was lower by 135 points, or 2.28 percent, to 5,783 at the ending bell.

Italy’s FTSE MIB was the poorest performer of the day, dropping 732 points, or 3.36 percent, to 21,066.

Spain’s IBEX 35 decreased 191 points, or 2.46 percent, to end at 7,583.

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