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The final Eurozone Manufacturing PMI data the other day revealed that the sector continues to contract sharply, despite a noticeable easing in the recent downtrend. New orders, in particular, fell sharply, with output also recording low levels – job losses also mount.
However, despite the bleak numbers, a rebound is notable. In particular, hard-hit Italy printed a three-month high 45.4 number, outpacing Germany’s 36.6. It hints that the European economies are slowly getting back on…
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