The crisis in the European manufacturing industry is softening
Eurozone's manufacturing purchasing managers index in rose from April's 36.8 points to 40.7 points in May, slightly above the preliminary estimates.
Increasing is indicated by the value over 50 points, but in the past seven months, it was the highest value, and indeed, there never has been much improvement in a month since it is measured, since 1997. This probably indicates that the currency union is beyond the hardest part of the crisis, despite IMF's forecast of a 4.2 percent decline in the economies of Europe – reports Napi Online.
Related news
Related news
GKI: Deteriorating confidence indices and economic outlook in Hungary
In November, both businesses and consumers became more pessimistic about…
Read more >Arabica coffee price hits 47-year high
The futures price of arabica coffee has reached a 47-year…
Read more >Magyar Posta is preparing for the increased holiday traffic with 130 new vehicles
Magyar Posta expects to deliver more than 7 million packages…
Read more >