Eurozone S&P Mfg PMI Final || 48.8 (Forecast 48.8, Previous 48.8) | Forexlive
Eurozone S&P Mfg PMI Final || 48.8 (Forecast 48.8, Previous 48.8)
Eurozone manufacturing downturn eases further in January and cost pressures fade
“Although euro area manufacturers continued to report falling output and deteriorating order books in January … the picture is considerably brighter than the lows seen back in last October heading into the winter,” said Chris Williamson, chief business economist at S&P Global.
“Not only has the rate of output decline moderated now for three consecutive months, but business optimism about the year ahead has also surged higher over the past three months.”