Eurozone manufacturing weakness continues
Europe’s manufacturing sector entered 2013 in a mostly downbeat fashion as new data revealed there had been no significant improvement in the weak level of output and orders.
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Markits Purchasing Managers Index PMI for the German manufacturing sector fell to 46.0 from 46.8 in November, well below the 50 line that divides growth from contraction (Photo: irishtimes)
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Markit's Eurozone Manufacturing Purchasing Managers' Index (PMI) edged down to 46.1 in December from November's 46.2. The final December figure was down below a preliminary reading of 46.3. PMI is an indicator used to assess growth in the manufacturing sector and the economy as a whole .The index is below the 50 mark, which proves that Eurozone manufacturing activities have slowed even further.