"These numbers look terrible. It's like the Eurozone’s manufacturing recession is never going to end. As new orders fell fast and at an accelerated pace, there’s no sign of a recovery anytime soon," HCOB Chief Economist Cyrus de la Rubia said.
— The Coastal Journal (@1CoastalJournal) December 2, 2024
Good Morning from Germany where another key industry – mechanical and plant engineering – is sinking deeper into crisis. Incoming orders dropped 9% in October YoY, driven by a steep 14% decline in foreign demand. pic.twitter.com/UzNsjwHmRX
— Holger Zschaepitz (@Schuldensuehner) December 2, 2024
https://twitter.com/MichaelAArouet/status/1863490863927554402
The Eurozone has ended up in a continuous manufacturing #recession. The Eurozone Manufacturing #PMI has remained below the threshold of 50, assumed to be the distinction between growth and decline, for 29 consecutive months! pic.twitter.com/7jRzf91pQo
— jeroen blokland (@jsblokland) December 2, 2024