Darkest Days Likely Over for Eurozone Factories, December PMIs Show

[Epoch-Times-Bot]

Darkest Days Likely Over for Eurozone Factories, December PMIs Show

LONDON—The downturn in eurozone manufacturing activity has likely passed its trough as supply chains begin to recover and inflationary pressures ease, a survey showed on Monday, leading to a rebound in optimism among factory managers.
S&P Global’s final manufacturing Purchasing Managers’ Index (PMI) bounced to 47.8 in December from November’s 47.1, matching a preliminary reading but still below the 50 mark separating growth from contraction.
An index measuring output, which feeds into a composite PMI due on Wednesday and seen as a good gauge of economic health, also came in at 47.8, up from November’s 46.0, marking its seventh month of sub-50 readings but its highest since June....

Source: Darkest Days Likely Over for Eurozone Factories, December PMIs Show

[xenzol]

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