Europe’s factories cut prices as oil slump seeps through economy
Euro-zone manufacturers have started to pass on the latest oil-price slump to their customers
Euro-zone manufacturers have started to pass on the latest oil-price slump to their customers.
Factory-gate prices fell in September for the first time in six months as input costs declined at the fastest pace since January, London-based Markit Economics said. A purchasing managers’ index (PMI) for the manufacturing industry fell to 52 last month from 52.3, in line with a September 23 preliminary reading.
The European Central Bank is closely watching the impact of the slide in...
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