The health of the sector is declining amid the military buildup and continued support for Ukraine
Factory activity in Europe’s 20-nation single currency bloc declined in December as production fell for the first time in ten months, weighed down by sharp drops in new orders, data compiled by S&P Global has revealed.
The Manufacturing Purchasing Managers’ Index (PMI), a key gauge of sector health, dropped to 48.8 in December from 49.6 in November, its lowest reading in nine months and, for the second month running, coming in below the 50 mark separating growth from contraction. Germany, the bloc’s largest economy, posted the weakest performance…
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