Euro zone factory activity declined again in Sept as energy bills bite -PMI
Actual 48.4 (Forecast 48.5, Previous 48.5)
Manufacturing activity across the euro zone declined further last month as a growing cost of living crisis kept consumers wary while soaring energy bills limited production, a survey showed on Monday.
“The ugly combination of a manufacturing sector in recession and rising inflationary pressures will add further to concerns about the outlook for the euro zone economy,” said Chris Williamson, chief business economist at S&P Global.
