The latest PMI data indicates a worsening situation for manufacturers across Europe, with significant contractions evident in France, Germany, and Austria, highlighting a broader economic downturn.
Dr. Cyrus de la Rubia emphasized the dire state of the eurozone's manufacturing sector, stating, "These numbers look terrible. It's like the eurozone's manufacturing recession is never going to end."
As UK manufacturers face plummeting orders and job cuts, Brexit-related border checks and an unfavourable investment climate contributed to the ongoing economic challenges, according to analysts.
The UK PMI's fall to a nine-month low underscores the industry's struggle, with new orders declining rapidly, suggesting that recovery is unlikely in the near future.
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