Manufacturing sector takes a turn for the worse | The Times

Manufacturing contracted across major economies in the third quarter, fanning fears that the global slowdown in worsening.

The eurozone?s manufacturing sector suffered its worst performance since the second quarter of 2009 in the quarter ended September, according to Markit?s Purchasing Managers? Index, which averaged 45.1. Figures below 50 indicate contraction.

Ireland saw the most positive readings in August, while Greece brought up the rear with continued, relentless contraction.

Chris Williamson, chief economist at Markit, said: ?The survey is consistent with manufacturing output falling at a quarterly rate of perhaps as much as 1 per cent, which means the sector will

Source: http://www.thetimes.co.uk/tto/business/economics/article3554767.ece

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