Industrial slowdown in the eurozone less severe than feared

Purchasing Managers' Index for the manufacturing industry in the eurozone in June is adjusted up to 45.8. It can be compared with a preliminary calculation of 45.6.

» Updated: September 07 2024

» Published: July 01 2024

Industrial slowdown in the eurozone less severe than feared
Photo: Thibault Camus/AP/TT

Share this article

The Purchasing Managers' Index for the manufacturing industry in the eurozone in June is adjusted up to 45.8. This can be compared to a preliminary calculation of 45.6.

However, despite the adjustment, the brakes are on in European industry. An index value below 50 indicates decreased activity in the sector.

The German manufacturing industry's Purchasing Managers' Index for June has also been slightly increased, to 43.5, compared to a preliminary calculation of 43.4. The French figure is also adjusted up a notch, to 45.4 from 45.3.

Italy's manufacturing industry is also decreasing in activity. There, the Purchasing Managers' Index for June lands at 45.7. This can be compared to 45.6 in May and expectations of 44.3.

Tags

Author

TTT
By TTEnglish edition by Sweden Herald, adapted for local and international readers

More news

EU Faces Resistance Over New Mercosur Trade Agreement
3 MIN READ

EU Faces Resistance Over New Mercosur Trade Agreement

Polestar Faces $739 Million Write-Down Amid US Tariffs and Weak Demand
1 MIN READ

Polestar Faces $739 Million Write-Down Amid US Tariffs and Weak Demand

Mediation Institute Ends Efforts in Tesla-IF Metall Dispute
1 MIN READ

Mediation Institute Ends Efforts in Tesla-IF Metall Dispute

Two More Suspects Identified in Major Insider Trading Case
1 MIN READ

Two More Suspects Identified in Major Insider Trading Case

Ryanair's New Bonus Program Criticized by German Cabin Union
1 MIN READ

Ryanair's New Bonus Program Criticized by German Cabin Union

SEB Predicts Halved Food VAT Could Lower Prices and Inflation
2 MIN READ

SEB Predicts Halved Food VAT Could Lower Prices and Inflation

Swedish Service Sector Sees Fragile Recovery in August
1 MIN READ

Swedish Service Sector Sees Fragile Recovery in August

Boliden Leads Gains as Stockholm Stock Exchange Rises
1 MIN READ

Boliden Leads Gains as Stockholm Stock Exchange Rises

Air Travel Rises 5% in August as Swedavia Airports See Growth
1 MIN READ

Air Travel Rises 5% in August as Swedavia Airports See Growth

Nordea Predicts Interest Rate Hikes by 2027, Contrasts Danske Bank's Forecast
4 MIN READ

Nordea Predicts Interest Rate Hikes by 2027, Contrasts Danske Bank's Forecast

Klarna's New York IPO: Analyst Calls It a High-Risk Stock
3 MIN READ

Klarna's New York IPO: Analyst Calls It a High-Risk Stock

Stock Market Volatility Follows Xi's Speech Amid Military Parade
1 MIN READ

Stock Market Volatility Follows Xi's Speech Amid Military Parade

Google Retains Chrome in Partial Legal Victory
2 MIN READ

Google Retains Chrome in Partial Legal Victory

Wall Street Opens September with Losses Across Major Indexes
2 MIN READ

Wall Street Opens September with Losses Across Major Indexes

Saab Partners with Polish WB Group for Defense Collaboration
1 MIN READ

Saab Partners with Polish WB Group for Defense Collaboration

Two Companies Sue LKAB for 700 Million Kronor Over Mine Expansion
1 MIN READ

Two Companies Sue LKAB for 700 Million Kronor Over Mine Expansion

Klarna Heads to NY Stock Exchange but Swedish Small Investors Must Wait
2 MIN READ

Klarna Heads to NY Stock Exchange but Swedish Small Investors Must Wait

Klarna Plans New York Stock Exchange Listing with $13.6 Billion Valuation
3 MIN READ

Klarna Plans New York Stock Exchange Listing with $13.6 Billion Valuation

Kraft Heinz to Split into Two Separate Companies
1 MIN READ

Kraft Heinz to Split into Two Separate Companies

Euro Zone Inflation Rises to 2.1 Percent in August
1 MIN READ

Euro Zone Inflation Rises to 2.1 Percent in August