Eurozone Manufacturing PMI falls to 45, the lowest since COVID and major crises.

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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.’

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Sources:

https://tradingeconomics.com/euro-area/manufacturing-pmi

https://www.pmi.spglobal.com/Public/Home/PressRelease/a8579771f5cb4f739658296e48772596