LONDON - Euro zone manufacturers appear to have passed their nadir, a survey showed on Monday , but activity is still contracting sharply as government-imposed lockdowns due to the coronavirus pandemic keep demand in check.
So after crashing to its lowest reading in the survey's nearly 22-year history in April, IHS Markit's Manufacturing Purchasing Managers' Index recovered somewhat last month. An index measuring output, which feeds into a composite PMI due on Wednesday, remained weak but did almost double to 35.6 from April's record low of 18.1.
"The improvement in part merely reflects the comparison against a shockingly steep fall in April, but more encouragingly was also linked to companies restarting work as virus lockdowns were eased."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Worst may be over for eurozone factories, recovery to be slow: PMILONDON: Eurozone manufacturers appear to have passed their nadir, a survey showed on Monday (Jun 1), but activity is still contracting sharply as ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China factory activity resumes growth in May but demand stays weak: Caixin PMIBEIJING (REUTERS) - China's factory activity unexpectedly returned to growth in May as strict measures to contain the coronavirus outbreak were eased, but the improvement was marginal as export orders continued to shrink, a private business survey showed on Monday (June 1).. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Worst may be over for eurozone factories, recovery to be slow: PMILONDON: Eurozone manufacturers appear to have passed their nadir, a survey showed on Monday (Jun 1), but activity is still contracting sharply as ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China factory activity resumes growth in May but demand stays weak: Caixin PMIBEIJING (REUTERS) - China's factory activity unexpectedly returned to growth in May as strict measures to contain the coronavirus outbreak were eased, but the improvement was marginal as export orders continued to shrink, a private business survey showed on Monday (June 1).. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
China factory activity slows as global slump drags on growthBEIJING (AFP) - Factory activity in China expanded at a slower pace in May as the country attempts to get back on track after the coronavirus, official data showed on Sunday (May 31), with the global economic slump making the sector's recovery difficult.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
China factory activity slows as global slump drags on growthFactory activity in China expanded at a slower pace in May as the country attempts to get back on track after the coronavirus, official data ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »