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Continued contraction of the industrial sector in the Eurozone during last December

Continued contraction of the industrial sector in the Eurozone during last December

By Mohamed nasar

Published: January 2, 2024


Data from S&P Global showed today, Tuesday, the continued contraction of the industrial sector in the Eurozone at the end of the year.

The Purchasing Managers' Index rose to 44.4 last December compared to 44.2 last November, noting that the index still registers below 50, which means the sector is contracting.

However, the reading was the lowest in 7 months, and the marginal increase in the index essentially reflects the less severe deterioration in Germany and Italy.

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