Monday January 20, 2020

European manufacturing contracts in April

Manufacturing in the euro region shrank for the ninth month in April, adding to signs that the economic slowdown in the region is getting worse, Bloomberg News reported.

2nd May, 2012
European manufacturing contracts in April

Manufacturing in the euro region shrank for the ninth month in April, adding to signs that the economic slowdown in the region is getting worse, Bloomberg News reported.

An index based on a survey of purchasing managers slipped to 45.9 from 47.7 in March, the lowest level in 34 months. A reading below 50 indicates contraction.

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