Ruptured supply chains and shocking energy prices put brakes on Euro zone growth

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The declining growth rate in Euro area industry in October has been confirmed. This was shown on Tuesday by final figures from Markit.

The Purchasing Managers Index for the monetary union industry fell from 58.6 to 58.3 in October. Preliminary figures indicated a smaller decrease to 58.5.

Markit’s economist Chris Williamson noted that manufacturers reported a deterioration in the supply chain situation. That clearly pushed the production. An index position greater than 50 indicates growth, while less than 50 means contraction.


By: Peretz M.

Peretz M. is an accomplished economist and financial journalist with a deep understanding of the global economy and financial markets. He is a regular contributor to EconomicInform, where he provides expert analysis and commentary on current economic trends and events. With a strong educational background in economics, Peretz has a talent for breaking down complex economic concepts for a general audience and is able to provide insightful perspectives on a wide range of economic issues.

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