UK and US manufacturing slows; eurozone inflation hits 8.6%; petrol at new record – as it happened | Business

UK and US manufacturing slows; eurozone inflation hits 8.6%; petrol at new record – as it happened | Business

UK manufacturing loses more steam as output growth grinds to near-halt Output growth at UK manufacturers ground to a near standstill in June, the latest sign that the economy is slowing as consumers cut back. The closely-watched S&P Global / CIPS UK Manufacturing PMI report has also found that business optimism hit a two-year low…

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Eurozone Production Downturn Is helping Cool Inflationary Pressures

Eurozone Production Downturn Is helping Cool Inflationary Pressures

Stadtratte/iStock by way of Getty Photographs The S&P International Eurozone Production PMI® indicated a 6th successive per month decline in manufacturing unit manufacturing in November. Despite the fact that the velocity of contraction cooled, it remained a few of the steepest recorded for the reason that world monetary disaster. The survey sub-indices disclose that call…

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Eurozone Production Downturn To Acquire Tempo As Inventories Collect At Report Tempo

Eurozone Production Downturn To Acquire Tempo As Inventories Collect At Report Tempo

Andrii Yalanskyi/iStock by way of Getty Photographs The newest survey knowledge display eurozone production industry stipulations worsening for a 2d successive month in August, pushed through slumping order books and falling output. The S&P World Eurozone Production PMI® fell to 49.6 in August, down from 49.8 and extra underneath the 50.0 mark that separates enlargement…

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