Euro zone factories hit by strong euro and Brexit
Weakest growth in new orders in 18 months, survey shows
New orders at euro zone factories rose at the weakest pace in 18 months in August as both domestic and export demand faltered amid heightened uncertainty after Britain voted to leave the European Union.
A Purchasing Managers Index for manufacturing fell to a three-month low of 51.7 in August from 52 in July, IHS Markit said this morning. The decline, which was steeper than initially estimated, was driven by a slowdown in order growth. The measure...
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