“With the final PMI coming in below the flash reading, the situation in euro area manufacturing is worse than previously thought. Not only is the performance of the sector the worst seen since mid-2013, there is a risk that renewed rot is spreading across the region from the core. The sector has more or less stagnated since August, but we are now seeing, for the first time in nearly one-and-a-half years, the three largest economies all suffering manufacturing downturns. “Germany’s export engine has stalled, causing the steepest deterioration of new orders in the country since December 2012, and new business is also falling in both France and Italy, boding ill for production in coming months. “Spain, Ireland and the Netherlands remain bright spots, but the worry is that these countries will, like Greece and Austria, struggle to continue to expand unless demand picks up in the region’s largest member states.
Finanshus: Biden-sejr vil booste grøn energi og byggeri, Bigtech foran svær tid
tirsdag 20. oktober 2020
17:08
