The downturn in euro zone manufacturing activity has likely passed its trough as supply chains begin to recover and inflationary pressures ease, a survey showed on Monday, leading to a rebound in optimism among factory managers.
An index measuring output, which feeds into a composite PMI due on Wednesday and seen as a good gauge of economic health, also came in at 47.8, up from November's 46.0, marking its seventh month of sub-50 readings but its highest since June.
While the input and output prices sub-indexes remained high, they both dropped substantially, likely welcome news for policymakers at the European Central Bank who have been trying to calm rampant inflation by tightening monetary policy.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SA business: 21 burning questions that will be answered in 2023 | Business2023 looks set to be an eventful year in the South African business landscape. Here are some of the biggest developments you can expect. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »
Dubai ends hefty alcohol tax in bid to boost business, tourism | BusinessDubai kicked off the new year by scrapping a 30% tax on alcohol sales and making liquor licenses free, in an apparent move to bolster its status as the Middle East’s leading business and tourism hub. | News24_Business _Business The United Arab Emirates has 7 Emirates and Dubai was established to be the sin city type of emirate out of the 7 for Muslims _Business Oh wow!!! These people have a plan and purpose, and they have willpower to make it happen!! ….putting religious beliefs aside, in order for their nation to prosper!! _Business Now give lgbtq people rights
Source: News24 - 🏆 4. / 80 Read more »
State of failure: Six companies hit by government deficiencies | Business2022 was a year of unprecedented load shedding, while SA businesses also had the headache of a deteriorating performance from rail operator Transnet, as well as generally problematic service delivery at a municipal level. | News24_Business _Business _Business cANCer _Business Say what it really is ! 'BLACK POWER FAILURE'
Source: News24 - 🏆 4. / 80 Read more »
CEF welcomes competition approval of stake in Saldanha LPG terminal | BusinessThe Central Energy Fund has welcomed the Competition Tribunal’s approval of the Strategic Fuel Fund's acquisition of a 60% stake in Avedia Energy, which includes the Liquified Petroleum Gas terminal in Saldanha, Cape Town. | News24_Business _Business What will this hold for our impoverished community? Why do they have the bottling plant in Cape Town and not Saldanha. We need jobs and local business opportunities. The Saldanha Bay Freeport should be at their disposal i.t.o benificiation BraEish moorkroof
Source: News24 - 🏆 4. / 80 Read more »
Analysis | Why the outlook for investments is improving | BusinessWhile it feels like doom and gloom are abundant, so too are market opportunities, writes Victoria Reuvers. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »
A sneaker designer is making R20 000 custom shoes... for horses | Business InsiderA tourist site for Lexington, Kentucky, hired sneaker designer Marcus Floyd to make custom shoes for the city's most beloved athletes: horses.
Source: BISouthAfrica - 🏆 34. / 51 Read more »