Euro zone manufacturing activity expanded modestly last month, its first growth since early 2019, and Asia's pain eased as the contraction slowed in export-reliant nations, adding to hopes the sector is emerging from the hit of the coronavirus pandemic.
LONDON/TOKYO - Euro zone manufacturing activity expanded modestly last month, its first growth since early 2019, and Asia’s pain eased as the contraction slowed in export-reliant nations, adding to hopes the sector is emerging from the hit of the coronavirus pandemic.
Still, while the euro zone economy contracted a record 12.1% last quarter, a Reuters poll predicted 8.1% growth during the current one. Manufacturers in Germany, Europe’s largest economy, saw an expansion for the first time since December 2018 and in France activity picked up a touch. But worries about a second wave of infections may weigh on global demand and business sentiment, keeping any rebound in factory output feeble, some analysts say.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
The pandemic puts a strain on elite private schoolsUp to 30% of independent schools in Britain could 'go bust' in the next couple of years
Weiterlesen »
Breakingviews - Corona Capital: Euro zone, Beer, Asian outbreaksFrom Breakingviews: Purchasing managers point to a cautious recovery in the euro zone, and Asian nations grapple with resurgent infections. Catch up with the latest financial insights
Weiterlesen »
Euro zone factory activity bounced back to growth in July: PMIManufacturing activity across the euro zone expanded for the first time since early 2019 last month as demand rebounded after more easing of the restrictions imposed to quell the spread of the new coronavirus, a survey showed on Monday.
Weiterlesen »
Euro zone factory activity bounced back to growth in July: PMIManufacturing activity across the euro zone expanded for the first time since early 2019 last month as demand rebounded after more easing of the restrictions imposed to quell the spread of the new coronavirus, a survey showed on Monday.
Weiterlesen »
Breakingviews - Corona Capital: Euro zone, Beer, Asian outbreaksFrom Breakingviews: Purchasing managers point to a cautious recovery in the euro zone, and Asian nations grapple with resurgent infections. Catch up with the latest financial insights
Weiterlesen »
A private survey showed China's manufacturing activity expanded in JulyThe Caixin/Markit manufacturing Purchasing Managers' Index (PMI) for China came in at 52.8 for July.
Weiterlesen »