PMI Figures Signal Economic Struggles in Eurozone, with Germany Leading the Decline
Go Wire
September 24, 2024
GoGPT Summarizes Articles
The latest PMI figures revealed widespread weakness, with Germany showing the most concerning decline. German manufacturing PMI dropped to 40.3, highlighting deep-seated issues. France's services PMI regressed to 47.4 post-Olympics, and the Eurozone composite PMI fell to 48.9. In contrast, the UK's PMIs, though slower, remained in expansion, with the US manufacturing flash PMI for September also unexpectedly fell to 47.0 from 47.9 (exp. 48.5), while services declined less than forecast to 55.4 (exp. 55.2, prev. 55.7), which meant composite marginally dipped to 54.4 from 54.6.
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