Fra Markit – læs hele meddelelsen her:
“Concerns about the Eurozone manufacturing sector intensified at the start of the fourth quarter. The headline PMI fell to its lowest since August 2016, signalling a further slowing in the rate of expansion. New orders fell into decline for the first time in almost four years as trade woes escalated.
Export sales fell for the first time in over five years. “Moreover, the survey suggests that the manufacturing sector could contract in the fourth quarter unless the data revive in coming months. However, with backlogs of work falling for a second successive month, and business expectations sliding to the lowest for nearly six years, risks seem firmly tilted towards the downside heading towards the end of the year.
“While there was some evidence that the autos sector acted as a drag again in October, with car makers struggling with new emission regulations, the manufacturing sector’s problems look broadbased. Growing risk aversion, linked in turn to worries about the global economic environment, trade war worries, political uncertainty and rising prices, appears to be hitting demand for a wide variety of goods.
The steepest drop in output and orders was seen in the intermediate goods sector,
which comprises suppliers of inputs to other manufacturers. “The combination of destocking, deteriorating order books and drop in business optimism will add to
concerns that growth risks are shifting to the downside rather than being “broadly balanced”, as indicated by the ECB.”
