Eng
Euro zone manufacturing activity slipped back into contraction in September as new orders fell at their fastest rate in six months, signaling the recovery in the region's industrial sector was fragile, a survey showed on Wednesday.
The HCOB Eurozone Manufacturing Purchasing Managers' Index (PMI), compiled by S&P Global, fell to 49.8 in September from 50.7 in August - which was the first reading above the 50.0-point line denoting growth since mid-2022.
Incoming orders declined in September after a short-lived increase in August, with export markets acting as a particular drag.
The survey revealed a split across the euro zone with the Netherlands leading the expansion at a 38-month high while growth continued in Greece, Ireland and Spain. Meanwhile, the bloc's three largest economies - Germany, France and Italy - all registered contractions.
The HCOB final Purchasing Managers' Index (PMI) for German manufacturing, compiled by S&P Global, slipped to 49.5 in September from August's 38-month high of 49.8 points.
The Final HCOB France Manufacturing Purchasing Managers' Index (PMI) fell to 48.2 in September from 50.4 in August but was slightly up versus the 48.1 flash figure. S&P said that the PMI data showed manufacturing orders had fallen for the 12th month in a row and to one of the greatest extents in two years, reflecting weak confidence, continued uncertainty over U.S. tariffs and higher energy and staff costs.
Source: reuters.com