UNB, London :
A sharp downturn in Germany’s manufacturing sector is weighing heavily on the 19-country eurozone economy, which is close to seeing a drop in overall activity, a survey showed Monday.
In its monthly overview of the manufacturing and services sectors, financial data firm IHS Markit said its composite purchasing managers’ index for the eurozone fell to 51.5 points in July from 52.2 the previous month. The fall takes the index close to the 50-point threshold that separates a fall in output from an increase.
A sharp downturn in Germany’s manufacturing sector is weighing heavily on the 19-country eurozone economy, which is close to seeing a drop in overall activity, a survey showed Monday.
In its monthly overview of the manufacturing and services sectors, financial data firm IHS Markit said its composite purchasing managers’ index for the eurozone fell to 51.5 points in July from 52.2 the previous month. The fall takes the index close to the 50-point threshold that separates a fall in output from an increase.
