Business

Eurozone manufacturing growth slowed in September, PMI

By Maria Martinez

IHS Markit said on Friday that eurozone manufacturing expanded at a strong pace in September, but growth slowed significantly as producers reported more casualties due to supply chain problems.

According to IHS Markit, the Eurozone Manufacturing Purchasing Managers Index fell from 61.4 in August to 58.6 in September, the largest decline since April 2020.

Chris Williamson, Chief Business Economist at IHS Markit, said: Said.

Compared to August, production, new orders and employment slowed significantly.

According to IHS Markit, supply constraints are a major obstacle to the September production schedule, and softening demand is another factor.

Acute inflationary pressure continues. According to IHS Markit, prices rose sharply in September due to growing supply and transportation problems.

“As costs rise and factories struggle to produce enough goods to meet customer demand, the average price of goods leaving the factory gates in September rises at a rate of increase, in the summer. We have accelerated to almost match the record price increases we saw at the beginning, “Williamson said.

Write to Maria Martinez at maria.martinez@wsj.com

Eurozone manufacturing growth slowed in September, PMI

Source link Eurozone manufacturing growth slowed in September, PMI

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