FILE PHOTO: A steel worker stands amid sparks of raw iron coming from a blast furnace at a ThyssenKrupp steel factory in Duisburg, Germany, November, 19, 2019. REUTERS/Leon Kuegeler
Its preliminary reading returned to contraction territory last month, suggesting renewed coronavirus-led lockdown restrictions were having an impact. Factories also cut headcount in September, albeit at a shallower pace than the previous month, and official data showed unemployment across the region rose to 8.1% in August.
“Second wave effects carry a lot of uncertainty about the growth environment though. A new round of more national lockdowns could have a serious impact on the labour market again, which is not our base case, but cannot be ruled out either,” said Bert Colijn at ING.
To work closely and make the Europe great again!
I guess the EU is going to have to struggle on without us.
No they are not - don’t you know that Brexit has ruined the EU and that they can’t possibly survive without the mighty UK - Brexiteers what have you done 🤦♂️🤦♂️
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Source: Reuters - 🏆 2. / 97 Read more »
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China economy: Manufacturing activity rises in September - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
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