Euro zone factories stuck in deep downturn
STORY: Euro zone manufacturing activity showed little sign of recovery last month.
That's according to a key survey released Monday (October 2).
It showed there was a deep and broad-based downturn in September, and demand kept shrinking at a pace rarely surpassed since the data was first collected 26 years ago.
The HCOB final euro zone manufacturing Purchasing Managers' Index - or PMI - dipped to 43.4 in September.
That was down from August's 43.5.
Any reading below 50 marks a contraction in activity.
European powerhouse Germany was hit by weak demand and a rapidly falling output.
The German manufacturing PMI rose to 39.6 in September from 39.1 in August, far below the 50 level.
The survey showed output fell at the fastest rate since May 2020, amid a further sharp drop in new orders.
French manufacturing was also down as the sector contracted for the eighth month in a row in September.
The French PMI came in at 44.2 points, down from 46.0.
Production and new orders fell at their sharpest rates there in more than three years.
Policymakers at the European Central Bank may welcome news of falling prices, having so far failed to get inflation back to target.
Last month the ECB raised its key interest rate for a 10th consecutive time.
Economists project policymakers are likely now done with raising rates, and will stay on hold until at least July next year.
- 「全台最難訂位」牛肉麵老闆酒駕！ 醉倒路邊被逮｜#鏡新聞鏡新聞4,994 次觀看・12 小時前
- 若白色力量失勢 學者分析年輕人六成轉投藍營！風向台灣50,732 次觀看・14 小時前
- 冬天多吃白蘿蔔，教你1個正確做法，不用燉不油炸，第一次見這種作法，香！│Vegan芭樂媽的家 Qistin Wong TV8,851 次觀看・1 天前
- 拉斯維加斯爆發校園槍擊釀3死 槍手已身亡 學生嚇壞「只想活著離開」Yahoo奇摩（國際通）14,862 次觀看・13 小時前
- 羨慕! 大學生12/25放寒假 台大44天.台師大56天TVBS新聞網影音127,617 次觀看・11 小時前
- 美麗島電子報最新民調 "賴蕭配"支持度突破4成民視影音44,297 次觀看・7 小時前
- 2024存股名單大公開！股魚不藏私推薦進擊的荷包82,722 次觀看・1 週前
- 我要漢堡!外送早餐弄錯 男出門...18萬飛了TVBS新聞網影音240,090 次觀看・1 天前
- 韓國瑜當立法院長？ 王義川警告「可能是一場災難」風向台灣27,801 次觀看・16 小時前
- 阿信生日回擊假唱風波又惹議！這兩詞惹怒台粉遭批「寫給中國看的」娛樂星聞1,802 次觀看・5 小時前