The HCOB Eurozone Manufacturing PMI recorded a troubling 45 in September 2024, signaling a significant contraction in the manufacturing sector and the lowest level since the COVID-19 pandemic. This PMI has remained below 50 for several months, reflecting challenges like reduced demand, declining output, and job losses across the Eurozone. The situation raises concerns about the overall economic health in the region, as ongoing pressures continue to affect manufacturers.’
💶 The HCOB Eurozone Manufacturing PMI 45.
Lowest since:
—> 𝗖𝗼𝘃𝗶𝗱!
—> 𝗧𝗵𝗲 𝗘𝘂𝗿𝗼𝗽𝗲𝗮𝗻 𝗗𝗲𝗯𝘁 𝗖𝗿𝗶𝘀𝗶𝘀!
—> 𝗧𝗵𝗲 𝗚𝗹𝗼𝗯𝗮𝗹 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗖𝗿𝗶𝘀𝗶𝘀!Chart: @tEconomics pic.twitter.com/OdbY4zuaMi
— Alex Joosten (@joosteninvestor) October 5, 2024
Sources:
tradingeconomics.com/euro-area/manufacturing-pmi
www.pmi.spglobal.com/Public/Home/PressRelease/a8579771f5cb4f739658296e48772596