manufacturing industry

In Europe 7th September 2023

German factory orders fall sharply in July: -11.7% vs. -4% expected and +7.6% previous

Bankinter: German Factory Orders fell sharply in July. Factory Orders were down -11.7% vs. – the -4.0% expected and +7.6% previous (revised from +7.0%). Assessment: This is bad news for the German industrial sector and further evidence of the weaknesses of the eurozone benchmark country’s economy. Despite the upward revision of the previous figure, July’s figure turned out to be out much worse than expected and registered its lowest since…

Relevant News Item 10th May 2023

Harsh blow for European industrial sector: Eurozone services/manufacturing PMI gap returns to all-time highs

Santander Corporate & Investment: China’s imports plunged almost 8% (-0.3%e) in April, consolidating doubts about the evolution of the global manufacturing sector. And, for example, the services/manufacturing PMI gap in the Eurozone has recently returned to record highs. This is a harsh blow for a European industrial sector that: (1) was expected to benefit from China’s reopening, (2) is already trading at pre-war lows a few months before autumn (albeit…

World economy 4th June 2012

Monday’s UK chart: poor manufacturing index, but the euro isn’t an excuse

LONDON | Those who were in need of arguments to claim the British-mainly nature of the economic troubles of the island are in awkward luck. The manufacturing industry saw a sharp decline in activity in May, according to the latest purchase manufacturing index release. The headline index fell back to 45.9 from the 49.7 consensus figure and from 50.2 in April, the second-largest drop in the 20-year history of the…