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In Foreign Affairs

Less fail is the new win: Eurozone industry contracted slightly less

2nd January 2020 David Stevenson

Less fail is the new win: Eurozone industry contracted slightly less Pin It

Business activity in the eurozone industry contracted less sharply in December than previously thought. British market researcher Markit announced this on the basis of a definitive figure.

The purchasing managers’ index reflecting the activity recorded a score of 46.3. A provisional estimate of a level of 45.9 was reported. A level of 50 or more indicates growth, including shrinkage. In November the indicator was 46.9.

According to Markit, the index for German industry was 43.7 against a preliminary estimate of 43.4. A score of 50.4 was measured for France. In Italy and Spain this was 46.2 and 47.4 respectively.

The indicator for the British industry recorded a final score of 47.5 against a preliminary estimate of 47.4. The index was 48.9 in November.

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